Elliott waves analysis – We’re waiting for a sell from around 1.04040 and may extend much lower towards 0.96800.

During the previous trading day, Euro continued to rally to the upperside and is still showing signs of continuing much higher. On this chart, buying,or holding onto a buy positions looks ideal and can safely be recommended. As it is now, on the monthly chart, we are looking for a correction towards 1.04040 and should not break above it, if you are looking at this chart right now, wait for a possible sell position from around 1.04040 with an ideal target set at 0.96800. A break above this level will push the price much higher towards 1.07660 and may extend much higher.

We’re waiting for a sell from around 1.04040 and may extend much lower towards 0.96800.