Elliott waves analysis – As long as the price remains below the level 0.98920 with our target set at 0.95.

EURUSD – Up

Wave Analysis:

During the previous trading day, Euro continued to the lowerside and is still very much bearish. Following the break below 0.98920, as long as the price remains below the zone, 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 go beyond 0.97915 and will likely continue much lower towards 0.95.

Trade Recommendations:

As long as the price remains below the level 0.98920 with our target set at 0.95.

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