As expected a B-wave top was close by. We still need a firm break below 134.95 to confirm that wave B has peaked and wave C lower to 131.11 is developing.
Short-term resistance is seen at 136.05 and again at the b-wave peak at 136.31.
We are short EUR from 134.74 with our stop placed at 136.75.
The material has been provided by InstaForex Company – www.instaforex.com