Elliott waves analysis – We’re sellers towards 0.9393

During the previous trading day, the impulsive wave (5) continued to the lowerside and is still showing signs of continuing to the lowerside. 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 is still continuing much lower towards 0.9393 and may see the price accelerate much lower. This chart is on a sell mode and can safely be recommended.

We’re sellers towards 0.9393