📊 EUR-AUD ELLIOT WAVE ANALYSIS
🌅 As expected last week the bulls took the EUR by the horn upon retrace to the 1.52 price correction level, effect was rapid as the Aussie bears where rallying upon the Aussie due to the recent economic reports.
🗾 This week as seen in the H4 chart attached, we expecting a 5th wave movement on the EUR-AUD as the market is currently precipitating its move reflective on the current consolidation (💟 pink area on chart)
🆘 Trend Support : 1.65000
❇️ Trend Resistance: 1.66500
🛄 Wave Trend Target: 1.7000
🌅 As expected last week the bulls took the EUR by the horn upon retrace to the 1.52 price correction level, effect was rapid as the Aussie bears where rallying upon the Aussie due to the recent economic reports.
🗾 This week as seen in the H4 chart attached, we expecting a 5th wave movement on the EUR-AUD as the market is currently precipitating its move reflective on the current consolidation (💟 pink area on chart)
🆘 Trend Support : 1.65000
❇️ Trend Resistance: 1.66500
🛄 Wave Trend Target: 1.7000