EURAUD: New Long Opportunity Ahead.


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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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.