EUR/AUD: Elliott Wave Technicals
Gregor Horvat | Mar 02, 2018 10:51AM ET
EUR/AUD is sharply breaking out of a triangle correction, which was located in wave 4). We know that triangles occur prior to the final wave, which means a five-wave rally can now be in progress within wave 5). That said, price can now reach levels near the 1.607 level, where Fibonacci ratio of 261.8 sits. From there a new three-wave reversal can follow.
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