EURAUD - Expect one more push higher before big sell off!

We have been in a complex correction for more than a month now.
Currently we are in wave iv of (c) of ((y)).

This wave iv correction might find an end very soon and turn higher from here.

Look for resistance around 1.6080 then 1.6150.

This count gets invalidated if prices goes straight below 1.5900 from current levels.

Note

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Note

Note

Rallied as expected but went into a WXY correction first. Now might not be the best time to go long this pair.
AUD weakness might continue after the disapointing GDP data this morning and the EUR might find itself in difficulties with tomorrows ECB events.
So, I recommend not touching any EURO pairs until after the events unless you do intraday of course.

Note

Turn came, we can count 5 waves down which indicated a reversal in trend, Currently we are in the correction and after one more push higher you can short this pair.

ElliottWaveBelgium

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ElliottWaveBelgium

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