Elliott Wave Analysis On EURAUD And USDCHF
EURAUD is looking very nice here; we have three waves up to 1.5220 area from where a strong decline has a personality of an impulsive decline. It’s a new turning point that can continue even back to 1.4465 this month. So for the short-term traders, pullbacks can be very interesting to join the downtrend; ideally from around 1.4880 where black wave 4 may look for a resistance.
USDCHF is obviously showing a very similar pattern, it’s a turning point that can continue up to 0.9620; back to the area of a former wave four while price trades above 0.9540.
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