Elliott waves analysis – Wait.

EURUSD – Up

Wave Analysis:

Previously the price rallied around the upper trendline for a while, but it then bounced back towards the lower side in continuation of the impulsive wave cycle five. Right now the price is on the lower trendline, I expect a break below and a further momentum towards the lower side. If you are currently looking at this pair ,wait for a clear break below then pick a sell.

Trade Recommendations:

Wait.

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