Elliott Wave Analysis: EURUSD And AUDUSD Look Bearish


EURUSD is still a tricky one on the intraday basis. As you know, we are tracking a flat correction on the 4h chart. However, on the hourly chart there is possibility to count a move down from 1.3738 as leading diagonal in wave (i) followed by three wave rise up to 1.3700. Count is good and valid, but need to see reversal from 1.3700 back beneath 1.3650 to confirm a bearish case.
EURUSD 30min Elliott Wave Analysis
eurusd elliott wave analysis
AUDUSD has been in pullback mode lately which can be counted as a double zigzag. That’s a corrective pattern that may send price back to the lows. Keep an eye on any impulsive weakness back to 0.8723 which should then become interesting for possible shorts. Rise back to the highs will make correction from the lows even more complex.
AUDUSD 1h Elliott Wave Analysis

AUDUSD elliott wave analysis

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