AUDUSD And EURGBP Intraday Elliott Wave Analysis

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AUDUSD is on our radar screen for longs after current downward three wave pullback that could stop around 0.9040/60 region. We can see here wave (c)=(a) equality level and also a 50-61.8% Fibonacci retracement zone which is idea for B waves or second waves as well.
AUDUSD 1h Elliott Wave Analysis

AUDUSD Elliott Wave 121013
AUDUSD Elliott Wave 121013

Yesterday we also published our view on EURGBP, where prices retraced nicely into 0.8345/50 region, into wave iv) support zone from where uptrend may resume up in blue wave (v). Critical invalidation level is wave (i) high, so any longs should have stops beneath 0,8321.
EURGBP 1h Elliott Wave Analysis

EURGBP Elliott Wave 121013
EURGBP Elliott Wave 121013

Written by www.ew-forecast.com

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