I count the rise started from 1.5460 as a flat correction. In such a case we could be in the beginning of wave C of it so I entered long today. The minimum requirement for this pattern is a new high above 1.5568 but I think that the most logical targets are 1.5590 and 1.5680 which are the targets of the long positions. A key support is 1.5460

Trading strategy: 10:50 EST; 15:50 GMT

Long position from 1.5525, stop loss - 1.5455, target - open

Addition to the long position from 1.5518, stop loss - 1.5484, target - 1.5590

Confidence level –medium

This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.