Elliott waves analysis – We’re sellers towards 1.015

Last week, the impulsive wave (5) continued to the lowerside and is still showing signs of continuing to the lowerside. On this chart, 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 see the price break and close below 1.0156 and may likely continue to the lower. On this chart, sell positions still looks ideal and can safely be recommended.

We’re sellers towards 1.015