The support line at 126.05 has protected the downside and we continue to look for a break above minor resistance at 139.17 and more importantly above resistance at 140.63 confirming a continuation higher to 144.03.
Only a break below support 136.96 will make us reconsider the entire count from 126.05.
We are long EUR from 138.64 with stop placed at 137.90. If you are not long EUR yet, then buy on a break above 139.17 and use the same stop at 137.90.
The material has been provided by InstaForex Company – www.instaforex.com