AUDUSD is trading outside of the upward channel so ideally wave A) is now done with its five subwaves up from 0.7611 so traders should be aware of a lower pullback. We are looking at wave B) correction that can retrace to 0.7760/0.7800, potential support area. We think that price will reach 0.8000 psychological level before it may turn down for a bigger impulse.
AUDUSD 1h Elliott Wave Analysis
EURUSD is slightly reversing from the highs, ideally down into wave C of wave B) that can be looking for support near 1.0760/1.0800. We will be pay close attention to this level for bounce and maybe even longs.
EURUSD 1h Elliott Wave Analysis
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