Elliott waves analysis – We’re sellers towards 0.98

Just as previously forecasted, on the daily chart, EURUSD has been in an active downtrend. On this chart, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive (5) and may see the price extend much lower. As it is according to the layout and the structure of the chart shown above, only sell positions looks ideal and can safely be recommended with an ultimate target set 0.98.

We’re sellers towards 0.98