Elliott waves analysis – We’re sellers towards 0.97490

Yesterday, Euro rallied to the lowerside and is still showing signs of continuing much lower. As it is right now, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and should head straight towards 0.98 and may likely extend much lower. On the flipside, should the price break above the Tuesday’s highest high, then this will be a good place to consider a possible long term buy position.

We’re sellers towards 0.97490