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Elliott Wave Analysis: EURAUD and German DAX

EURAUD

EURAUD is testing the previous highs near 1.4640 where intraday breakout will likely follow and cause a fifth wave rally into 1.4750 area where Fib. resistance levels are placed.

EURAUD, 1H

EUR/AUD 1-Hour Chart


German DAX

German Dax is trading near the highs of the day after turning up from a previous fourth wave pullback at 12477, so index is seen in fifth wave that is trading near Fib. resistance levels.

German DAX, 30Min

DAX 30-Minute Chart

 


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