Elliott waves analysis – As long as the price remains below 1.03899, we are looking for sell positions.

EURUSD – Up

Wave Analysis

During the previous trading day, Euro rallied to the lowerside and sliding below 1.03899 and is still pretty much below this level, we we continue to see sustenance below this line, I am looking at nothing but a possible momentum to the lowerside. The idea on this chart is to keep looking for low risk sell positions below 1.03899 and may see the price rally towards 0.95560 and may rally much lower.

Trade Recommendations:

As long as the price remains below 1.03899, we are looking for sell positions.

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