Elliott waves analysis – We’re sellers towards 0.9489.

Euro is currently continuing to the lowerside. As long as the price remains below the upper moving average, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is an extension of the last impulsive wave (5) to the lowerside and may see the price break and close below 0.940 and could accelerate much lower with the next target being 0.89.

We’re sellers towards 0.9489.