Wave ii/ has extended it's decline to 1.5468, which should be more than enough to complete wave ii/ and set the stage for a rally higher in wave iii/ towards 1.6655.
That said, we will need a break above minor resistance seen at 1.5720 to confirm that wave ii/ has completed and wave iii/ is developing.
WE are long EUR from 1.5540 and will place our stop at 1.5340.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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