Elliott waves analysis – Were still selling euro towards 1.10

EURUSD – Up

Wave Analysis

Perfectly as we said previously, euro continued to crash and is still pretty much bearish both on the daily and the weekly charts. Yesterday, we saw a steep decline in the value of euro and even went below 1.15850. This is a bearish dominance sign and as long as the price is contained below it, I expect a surge to the lower side with an ultimate target at 1.13. The anticipated bearish price rally is then continuation of both the impulsive waves v and (c) to the lower side and may break below 1.13 but should not go beyond 1.10.

Trade Recommendation.

Were still selling euro towards 1.10

101% Double the volume

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