justaname
Short

EU short possible Elliott wave scenario

FX:EURUSD   Euro Fx/U.S. Dollar
EU likely will break below 1.10 this week, daily chart indicates.

Breaking first up trendline means EU will likely touch second trendline in the next two weeks, then bounce up.

When it finally breaks that low support zone at 1.05, EU will go for parity, and likely subparity, like 0.95.
That support zone is where the bearish flag on monthly chart will have it's continuation and does a breakout.
For now, parity is questionable, and it won't happen unless a certain mix of things build up.

Breaking below 1.10500 (1.10483, last friday's low) will make certain EU is going down.
Short EU when that happens.



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