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20 May 2015
EUR/AUD: One more fall before bullish tone resumes – EW-Forecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, believes that EUR/AUD might see a move lower towards 1.3500 before resuming bullish.
Key Quotes
“Ending diagonal is still in play on EURAUD it seems. We are looking back to 1.3500 for wave 5) that will complete the larger degree of wave (C) sometime this year. Only rally through 1.4500 and weekly close above this figure would suggest that bullish turn is already happening.”
Key Quotes
“Ending diagonal is still in play on EURAUD it seems. We are looking back to 1.3500 for wave 5) that will complete the larger degree of wave (C) sometime this year. Only rally through 1.4500 and weekly close above this figure would suggest that bullish turn is already happening.”