#EURAUD Weekly Bullish Count

30 Eki 2016

With the RSI bouncing off the bottom trendline I believe C of the bullish triangle is complete. If D is underway then I would be targeting the 1.5500 area while 1.41275 holds. After D is complete then we should see an E wave down to complete the triangle followed by a C wave up. C wave target is 1.8500.

An RSI break above the falling wedge and 50 RSI would help confirm my thoughts.

2 Kas 2016

Not

EURAUD bounced nicely off the 50% retrace and could be working on a C or 3rd wave up of the D lags. The current divergence on the RSI concerns me but we will see what happens.