From a trading perspective and also analytical perspective the next big move on the EURUSD remains questionable and unconfirmed while pair trades in the middle of January high and low. But on intraday basis we see five waves up from 1.3560 now approaching 1.3730/40 resistance area where current bullish waves may slow down at the start of the week. Latest overlapping and very slow price action around 1.3700 figure and divergence on the RSI also suggests that gains are limited.
EURUSD 1h Elliott Wave Analysis
EURAUD looks very interesting for more upside after clearly five waves up from 1.4980 followed by very slow and overlapping retracement from 1.5280 within a trading channel. That’s clearly a corrective personality, so we think that pair will continue higher early this week back to 1.5280 and maybe even to 1.5400 Fibonacci projected level.
EURAUD 1h Elliott Wave Analysis