The first signal that wave-3 (1.37-1.2826) is complete is a rally through 1.2925 followed by 1.2995. A proper wave-4 correction can carry Euro to Fib resistance between 1.3161/3261. (daily) S/t, from 1.2995 there is a proper 5-wave decline and momentum divergences between the recent pivot lows are in place. The 1.2826 low is critical support as a break below clears a path to the more formidable 1.2755 level. For today, a move through 1.2868 can promote our bullish outlook. (hourly) Conviction: Med/High Levels: Support – 1.2826, 1.2755, 1.2735 Resistance – 1.2868, 1.2925, 1.2995
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