Elliott waves analysis – We’re looking for a sell position now towards 1.0521.

EURUSD – Up

Sell Euro now, and have your take profit at 1.0542.

Wave Analysis

Euro is currently trading around 1.1457. Just as we mentioned in our previous forecasts, as long as the price remains below the zone indicated above, 1.1489-1.1.1395, we expect a possible plunge towards 1.1200. If you’re looking forward to trading this pair, then you should look for a sell position now, still have your stoploss fixed above last week’s highest high, and take profit should be at 1.05. The anticipated bearish price rally is just the continuation of the impulsive wave v and should go beyond 1.0950 towards 1.0521.

Trade Recomendation:

We’re looking for a sell position now towards 1.0521.

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