Elliott Wave Analysis On EURUSD AND AUDUSD
On the intraday chart of EURUSD, we are observing an idea of a minor degree correction, which is now unfolding in the wave B). Price is turning higher now above the upper corrective channel line, where we expect a break out that will put more gains in play. We think that price can rally back to 1.1450 area, before bears may show up.
We see AUDUSD in the final wave 5 of a bullish advance, which may complete a higher degree correction in sessions ahead. Final wave 5 of C) may ideally stop around 0.755 region, from where bears may take over.
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