Elliott waves analysis – We’re sellers for now

EURUSD – Up

EURUSD is dropping nicely just as we had predicted in our previous analysis. The price is currently in a minor zone. The market is in a corrective phase which is ABC’s corrective pattern. Since the price has already formed the minor corrective wave a and minor corrective wave be the price is currently forming the minor corrective wave c. I expect this pair to drop at least up to 1.0582, at this zone there is a minor zone so should the price fail to break below this zone then we will mark it as our minor corrective wave c.

Trade Recommendations:

We’re sellers for now

You may check other analytical reviews on FreshForex website. Source: freshforex.com.