Elliott waves analysis – We’re sellers towards 0.91

Yesterday, Euro pulled back upwards but is still below the upper 52 period moving average, as long as the price remains below this MA, we are looking for long term sell positions, the idea on this chart is to keep looking for low risk sell positions expecting a break below the previous day’s lowest low with our next target set at 0.94200. If the price breaks and closes below this level, then an extension of the impulsive wave (5) is expected with the next ideal target set at 0.91.

We’re sellers towards 0.91