Elliott waves analysis – We’re watching for a possible sell position from 1.03653-1.03236 towards 0.99730.

EURUSD is currently heading to the upperside. As long as the price remains within the converging wedge formation, we expect a possible rebound from the zone 1.03653-1.03236 to

pick a possible long term sell position with an ideal target set around 0.99730 and may likely extend much higher. On this chart, wait for a break below the immediate trendline

to pick a possible long term sell position with an ideal target set at 0.99730.

We’re watching for a possible sell position from 1.03653-1.03236 towards 0.99730.