As depicted above, the single currency is holding the 0.382 Fibonacci retracement level at 1.4900 for now. One can expect a bounce here which can at least take it to 1.5030 in a short term. Until prices are above the trend line is supported, which now passes through the 1.4820/30 levels, the wave structure remains unchanged and one should enter buying on dips towards 1.4900/1.4850. The upside target remains 1.5200 at least for now.
Trading Recommendations:
Buy at 1.4700, stop at 1.4900, targetting at 1.5200.
