Elliott Wave Analysis On EURGBP And AUDUSD
EURGBP
EURGBP is trading in final stages of a five wave sequence of a higher degree. We expect one more corrective pullback in the blue wave 4 to 0.8130 levels before a final push up in blue wave 5 with resistance around 0.8550-0.8600 can occur.
EURGBP, Daily
Click to Enlarge
AUDUSD
AUDUSD is still in a long time consuming wave C. Slope and slow character of this price movement in this pair gives us warning signs that a reversal can be close, as we believe this can be an ending diagonal. We just hope we will get to projected levels around 0.7500-20 levels, where Fibonacci ratio of 61.8 can react as a resistance and a turning point lower.
AUDUSD, 30Min
Click to Enlarge
http://www.ew-forecast.com/service
Find more: Contributing Authors
