Elliott waves analysis – We’re sellers towards 0.93

The Overal trend on this chart is bearish, however, we’re seeing a current move to the upper side. As long as the price remains below the Envelope indicator, we are looking for a possible long term sell position. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside towards 0.94 and may likely extend much lower.

We’re sellers towards 0.93