Elliott waves analysis – Sell Euro now with your take profit at 1.0435.


Resell euro upon a pullback towards 1.1450 with your take profit at 1.0435.

Wave Analysis

yesterday, on the daily chart, Euro pulled back upwards but ended up closing just a few pips above it’s opening price. The previous day’s candle is a perfect bearish pin bar candle and as long as the price remains below the level 1.1450, we expect a possible steep decline towards the lower supportive trendline. The anticipated bearish price rally is the continuation of the impulsive wave v and should break below 1.1160 towards 1.0435 or even lower. If you’re not in any positions as at now, you may sell this pair now, with your stop loss above last trading day’s highest high.

Trade Recommendations:

Sell Euro now with your take profit at 1.0435.

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