Elliott waves analysis – Wait for a rebound from 1.07217 to pick a buy.

During the previous trading day, Euro rallied to the lowwerside and is still showing signs of continuing to the lowerside. As it is right now, I am looking at a possible rally towards 1.07217 and may rebound from this level back towards 1.08890. If this target is broken, then further momentum to the upperside is expected. A break below 1.07217 will push the price much lower towards 1.05937.

Wait for a rebound from 1.07217 to pick a buy.