Elliott waves analysis – We’re buyers towards 1.11230.

During the previous trading day, Euro rallied to the upperside, and is now above a significant level, 1.03899. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for low risk buy positions towards 1.09080 and may likely extend much higher. On the flipside, should the price break and again close below 1.02630, then we may be looking for sell orders towards 0.98

We’re buyers towards 1.11230.