We are still locked within the larger range between 1.7466 – 1.8000. We expect a final decline closer to the 1.7466 low before then next impulsive rally to above 1.8000 for a continuation higher to 1.8683.
In the short term, a break below support at 1.7583 will confirm the move closer to strong support near 1.7466 from where the next impulsive rally should take off.
We have place a EUR buy-order at 1.7475 and one upon a break above 1.7775. One order done cancels the other.
The material has been provided by InstaForex Company – www.instaforex.com