Elliott waves analysis – We’re sellers

Just as the Euro, this pair is currently heading to the upperside, however, according to the daily chart, we should see sellers come in sttrongly expecially after the current bullish rally.

As long as the price remains below the 52 period moving average, we expect nothing but a possible momentum to the lowerside. On this chart, I am stricctly looking for sell positions.

We’re sellers