Elliott waves analysis – We’re sellers towards 0.98070

Euro is currently in an active downtrend. As long as the price remains below the upper trendline, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lower side and may see the price rally towards 0.98380 and will likely push the price much lower. On this chart, as it is right now, only sell positions looks ideal and can safely be recommended.

We’re sellers towards 0.98070