No change in our view.
We continue to look for a clear break below 135.00 confirming wave B peaked at 136.31 and wave C lower to 131.11 is developing. Short-term, we have seen a minor resistance at 135.71, which ideally will be able to cap the upside for the expected break below 135.00.
We are short EUR from 134.75 with stop placed at 136.75.
The material has been provided by InstaForex Company – www.instaforex.com