Elliott waves analysis – We’re buyers towards 1.12

During the previous tradin day, Euro rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts, on this chart, we expect nothing but a possible momentum to the upperside. The anticipated bullish prie rally is the continuation of the last inpulsive wave (v) to the upperside and will see the price rally to the upperside towards 1.1 and may likely continue much higher towards 1.12 or even higher.

We’re buyers towards 1.12