Today's Support and Resistance Levels: 

S1: 1.5738                    R1: 1.5792

S2: 1.5700                    R2. 1.5846

S3: 1.5672                    R3: 1.5902

Technical Overview: 

We are still working on a minor correction in red wave ii. We do believe, that there is a good possibility that support at 1.5738 will protect the downside for a break above minor resistance at 1.5846 which will be the first good indicator that this correction is over. However, we need a break above 1.5902 to confirm the next rally higher towards at least 1.6523.

Looking at the William's Indicator at the bottom, we can see that this indicator is at new lows, while the price is not. This phenomenon is call a Hidden Divergence and could be a sign that a bottom is close at hand and a powerful rally is about to begin. At this point we would also expect to see a very powerful rally as we are entering red wave iii of black wave 3.

Trading Recommendation:

If you did not buy EUR at 1.5800 yesterday, you should buy it at 1.5745 or upon a break above 1.5846 (one order done cancels the other) Stop should be placed at 1.5575.