EURAUD from 2008 -2012 has a major wave down.
Since then in consolidation in an ascending wedge.
Possibly wave c has recently completed , and the EURO may be about to descend in the 4th d wave.
It would not be unreasonable for price to correct to the 200 MAV ( and the .382 fib retracement) at around 1.52
The suggested trade idea for a short is on chart......
Since then in consolidation in an ascending wedge.
Possibly wave c has recently completed , and the EURO may be about to descend in the 4th d wave.
It would not be unreasonable for price to correct to the 200 MAV ( and the .382 fib retracement) at around 1.52
The suggested trade idea for a short is on chart......
