Wave summary:
We continue to look for support at 1.6407 to be able to protect the downside for a continuation higher towards 1.6969. Ideally minor support at 1.6485 6 will be able to protect the downside for the next break above 1.6690 confirming more upside towards 1.6969. But only an unexpected break below 1.6407 will delay the expected rally higher.
R3: 1.6969
R2: 1.6758
R1: 1.6690
Pivot: 1.6600
S1: 1.6485
S2: 1.6407
S3: 1.6315
Trading recommendation:
We are long EUR from 1.6611 with stop placed at 1.6400. If you are not long EUR yet, then buy near 1.6485 or upon a break above 1.6625 and use the same stop at 1.6400