Elliott waves analysis – We’re Sellers

EURUSD – Up

EURUSD is still in a corrective phase, and the market is yet to complete the full corrective phase. As we can see on the chart above, the price has been rejected at a major zone 1.0685. I expect this pair to drop from this resistance zone 1.0685, at least up to 1.0534. And since at 1.0534, there is a major zone the price can be rejected at this zone, form a double bottom then buy, should the market break below the support zone 1.0534 impulsively we will place more sell trades with our profit target at 1.0212,(Minor corrective wave c).

Trade Recommndations:

We’re Sellers

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