Elliott waves analysis – We’re sellers towards 1.17390

EURUSD – Up

Look for long term sell positions towards 1.17390.

Wave Analysis

Euro continues to struggle below the upper trendline. As long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside and should break below 1.19565 and should breakout much lower towards 1.17390. And on the flip side, should the price break above the upper trendline, then further momentum to the upperside and should break above the upper trendline and should break above the upper trendline towards 1.23480 towards 1.24350.

Trade Recommendations:

We’re sellers towards 1.17390

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