Elliott waves analysis – We’re waiting for a rebound from 1.05937 to pick a buy position.

Euro continues to rally within a range, not going below 1.06878 and above 1.05937. As long as the price remains within this range, we are focusing on reversals. We are waiting for a clear breakout above he upper line to pick a possible long term buy position towards 1.07, and in case the price breaks and closes below 1.059, then this will be a good place to to consider a possible sell position towards 1.045.