Elliott waves analysis – We’re watching for a possible long term buy position towards 145.735.

During the previous day, very little movements were seen to the lowerside, instead the price failed to break below the previous day’s lowest low, or the previous day’s highest high. While the price remains within these ranges, we are waiting for either a breakout above 144.680 to pick a possible long term buy position, or a rebound from it to pick a sell position. On this chart, buy positions looks ideal and can safely be recommended.

We’re watching for a possible long term buy position towards 145.735.