Elliott waves analysis – Wait and sell a break below 0.99546.

EURO continues to remain within a range, not going above 1.00241 or below 0.99546. As long as the price remains within these range, I am waiting for a break below 0.99546 to pick a possible long term sell position, or a break above 1.00241 to pick a possible long term buy position towards 1.01115.A break below the lower level will give us an ideal place to consider a possible long term sell position since this is in line with the overall downtrend.

Wait and sell a break below 0.99546.