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Elliott Wave Analysis: EURAUD, Bund And EURUSD

As stocks moved higher we saw a slow down on euro which in fact can be pointing lower based on negative correlation with German bunds that are pointing higher as recent set-back can be wave four. If that is the case then EURUSD can slip back below 1.2300.

BUND vs EURUSD

EURAUD suggest weaker euro during risk-on sentiment which can drop below 1.5600 this week, but most-likely after wave 4 rally.

EURAUD, 1H

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