Elliott waves analysis – We’re sellers towards 0.93

Just as previously forecasted, Euro is currently in an active down trend. On this chart, we are strictly looking for long term sell positions, the anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and will see the price rally towards 0.93 and will likley extend much lower. As long as the price keeps forming lower highs, we are looking for nothing but a possible rally much lower. The idea basically is to keep looking for long term sell positions unless the [riccce breaks and closes above the previous week’s highest high.

We’re sellers towards 0.93