Elliott waves analysis – We’re sellers towards 0.98

Euro is currently heading to the lowerside. While the price remains below the three moving averages, I expect nothing but a possible momenytum to the lowerside. The anticipated bearish price rally is the continuation of the last iumpulsive wave (5) and should break below 0,98 and may head much lower. If you are on this chart, keep looking for long term sell position expecting a break towards 0.8 and may extend much lower.

We’re sellers towards 0.98