Elliott waves analysis – We’re waiting for a buy around 1.05 towards 1.06

During the previous trading day, Euro rallied to the lowerside and is still showings of rallying to the lowerside. On this chart, we are waiting for a rebound from 1.0593 to pick a buy position towards the level 1.0695 and may breakout to the upperside. If the price breaks and closes above 1.06925, then this will be a good place to consider to possible long term buy position towards 1.08 and may continue towards 1.9 or even higher. On the flipside, should the price break below 1.05, then we will be looking for sell positions towards 1.04.