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EURAUD Trading In A Corrective Wave Four

Elliott Wave Financial Service
By Elliott Wave Financial Service

EURAUD is making a bigger degree three wave pullback, as part of blue wave 4. This means more weakness can follow on the pair and ideally search for a base around the Fibonacci ratio of 50.0 or 61.8. Later a new five wave rally into blue wave 5 can follow.

EURAUD, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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