Elliott waves analysis – We’re looking for a possible long term sell positions from 1.06197 towards 0.902832

During the previous trading day, EUR rallied to the upperside and is still showing signs of continuing much higher. As it is right now, I am looking for possible low risk buy positions expectiong a possible breakout abvove the previous day’s highest high. On the flipside, if the price fails to break above 1.6197, then this will be a good place to consider a possible long term sell position with an ultimate target set at 0.9810 and may likely extend much lower.

We’re looking for a possible long term sell positions from 1.06197 towards 0.902832