Elliott waves analysis – Sell Euro now with your take profit at 1.10600.

EURUSD – Up

Sell Euro now with your take profit at 1.10600.

Wave Analysis

The fact that the last impulsive wave (v) could not breakout above the end of the previous impulsive wave (iii) is a clear sign that there are no enough buyers in this marker. And the fact that the first impulsive wave (a), of the corrective three wave cycle went below the end of the corrective wave (iv) is a clear sign that we;re now sellers. therefore, we recommend looking for low risk sell orders with your targets around 1.10460, If price goes below this level, then an acceleration towards 1.09 is expected.

Trade Recommendations:

Sell EURUSD now with your take profit at 1.10600.

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