Elliott Wave Analysis On EURUSD And AUDUSD
On EURUSD we were looking for a triangle pattern yesterday which has proved correct as price is already at new high now. We see wave c-circled in play now for 1.1500.
EURUSD, 1H
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AUDUSD is lagging a little compared to the EURUSD, but we see it also in a bullish pattern. It’s a triangle that is expected to send price up to around 0.7800 after waves D and E are finished. At the moment price can be in late stages of wave D so market can find some resistance in the short-term near 0.7680-0.7700.
AUDUSD, 1H
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