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GreedyTrader
Oct 7, 2014 5:32 PM

EUR/AUD Long@ 1.4193 Long

Euro Fx/Australian DollarFXCM

Description

Fundamentally the Euro is pretty weak so I expect the downtrend to contionue but in the next coming days I expect the Aussie to be weaker.

We have just completed a 5 wave movement and an A correction, so we should see a B into the 50% fib area followed by a C correction to 1.4570 and possibly to 1.5015.
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