We continue to look for a final decline closer to 1.5165 to complete wave [iv] and are setting the stage for a rally in wave [v] towards 1.5837 to complete the first impulsive rally of the 1.4495 low. Short term, minor resistance seen at 1.5350 should be able to cap the upside for the expected decline to 1.5165.
We are looking for a EUR buying opportunity at 151.70 or upon a break above 1.5350.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Forex Review