EURUSD 1h Elliott Wave Analysis |
One of the clearest pattern in this week is on EURUSD where we see a completed three wave set-back from April high followed by a bullish impulse from 1.3773. It looks like pair wants to move above 1.3904 and based on price action and timing (NFP release) this may happen in the next few sessions. Pair is up as long as 1.3773 holds.
If NFP will be good for the USD then AUDUSD could be interesting where we see a bearish pattern after three waves and sharp fall from 0.9310. Break of red wave b) support may open door for 0.9225 and then 0.9200.
AUDUSD 30min Elliott Wave Analysis
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