Preferably wave (iv) completed with the test of 118.19 and wave (v) to above 124.09 should now be seen, but we need a break above resistance seen at 119.86 to confirm that wave (iv) has completed and wave (v) higher is unfolding. Short-term support is seen at 118.55 and then at 118.19. The later cannot be broken under this bullish count.
Buy a break above 119.86 and place your stop at 118.10.
The material has been provided by InstaForex Company – www.instaforex.com