Today's Support and Resistance levels:

R3: 132.59

R2: 132.28

R1: 131.95

Current Spot: 131.50

S1: 131.38

S2: 131.02

S3: 130.64

Technical summary:

We have seen the expected short-term rally towards the first target at 131.95. We have not hit 131.95 yet, but we still think, that there will be one more rally towards 131.95 before this wave i is over and wave ii takes over in a correction of wave i towards 130.95 and maybe even 130.64 before we can expect the next impulsive rally in wave iii towards at least 133.09. However, for now we should focus on pinpointing the top of wave i, which likely will be at 131.95, but with a possibility of extending higher towards 132.28 and even 132.59 before the wave ii correction takes over.

Trading recommendation:

Stay long in EUR and move your stop higher to 131.25 and take profit at 131.90. When the stop or the take profit is hit place a new order to buy at 130.75 with a stop at 129.30.