EURAUD made a new swing low as expected. Well, despite new swing low we see pair still in corrective move from the high that can be near completion. We are looking at A)-B)-C) move in wave (4) that will send price up into wave (5) this week. If we are correct then rally above 1.5142 must follow through to confirm a bullish continuation. In that case our new opportunity for longs will be in red wave 2) as shown on the chart.
EURAUD 1h Elliott Wave Analysis
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