EW Update: EURAUD Aiming Towards 1.61 – 1.62
|Hi traders,
AUD may stay weak, if we consider a bullish continuation on EURAUD for wave C within a big expanded flat correction. That said, seems like EURAUD is trading in an impulsive five-wave rise back to a previous wave A swing high to complete a big expanded flat correction, so more upside in view towards 1.61 – 1.62 area, while it's above 1.5770 invalidation level.
EURAUD, 4h
Interested in active FX or CRYPTO Elliott Wave labeled charts on a daily basis? Now its your time; we have Limited Offer; get a 14 day trial for 1€. Check our website at www.ew-forecast.com for more details.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.