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Home » Technical Analysis » EURAUD Elliott Wave Analysis: Eyes Towards 1.3500

EURAUD Elliott Wave Analysis: Eyes Towards 1.3500

Posted by ewforecast in Technical Analysis - April 21st, 2015 1:57 pm GMT

EURAUD 4h

EURAUD 4h Elliott Wave Analysis

This looks like a nice ending diagonal on EURAUD that could cause a significant reversal to the upside some time in the months. But for now we see wave 5) still unfolding, so we remain bearish for now. It’s also good to stay with a direction of a trend. That said, a current sideways move seems to be wave B which suggests another and final leg down to complete the bearish waves somewhere near 1.3500. This one is matching nicely with our bearish view on EURUSD.

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