We are still looking for more upside pressure towards 1.7154. In the short term, we will see minor support at 1.6435 protecting the downside for a break above 1.6624. The brake will confirm a continuation higher to 1.7154 as the next major upside target.
Only a break below support at 1.6435 will delay the expected upside rally closer to 1.6250 before renewed upside pressure shuld be expected.
We are long EUR from 1.6588 with stop placed at 1.6310
The material has been provided by InstaForex Company – www.instaforex.com