Elliott waves analysis – We’re sellers towards 0.96.

EURUSD – Up

Wave Analysis

Yesterday, Euro rallied to the lowerside and even went below the level 0.98577 and is currently heading to the lowerside. On this chart, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive waves 5 and (5) and should see the price rally towards 0.97900 or even lower towards 0.96 or even lower.

Trade Recommendations:

We’re sellers towards 0.96.

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