Elliott waves analysis – We’re waiting for a reversal.

Euro continues to rally within a range not going above 1.06878 or below 1.05937. These are good levels and while the price remains within any of these lines, we are waiting for a rebound from 1.05937 to pick a buy position or a rebound from 1.06879 to pick a sell position. In the flipside, a break and a close below any of these levels will push the price in the direction of the breakout.

We’re waiting for a reversal.