EURAUD Making A Bullish Statement; Still Upside Can Be Limited

Gregor Horvat Wavetraders

EURAUD made a sharp and strong leg higher into sub-wave C of B), right into our potential resistance zones. We now believe bulls can temporarily slow down around the former wave 4 at 1.4891 level and make a new drop lower.

EURAUD, 1H

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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