Elliott waves analysis – We’re looking sell positions:

EURUSD – Up

EURUSD has been bullish for the better part of this week, as we can see on the chart above the market is still moving impulsively to the upside. The market is in a corrective phase (ABC corrective pattern). I expect this pair to buy at least up to 1.0935 (target wave minor wave b) and then form a reversal pattern/bearish eg a double top or just a bearish engulfing bar at this zone and then drop up to 1.0404, price reaching this zone will mark the end of the corrective phase at of minor corrective wave c.

Trade Recommendations:

We’re looking sell positions:

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