Wave summary:

We are still looking for more upside here towards 1.4918 to complete wave [i] and set the stage for a minor correction back to 1.4695 from where a new strong rally is expected towards 1.5836 and possibly even higher. In the short term a break above minor resistance at 1.4791 will confirm the rally higher to 1.4918.

Ideally, support at 1.4695 will be able to protect the downside for the expected rally higher to 1.4918; but only a break below support at 1.4651 will question this rally.

R3: 1.4918

R2: 1.4860

R1: 1.4791

Pivot: 1.4735

S1: 1.4695

S2: 1.4675

S1: 1.4651

Trading recommendation:

We bought EUR at 1.4740 and has placed our stop at 1.4490.