MarcuDan

Eur/Aud set for the 5th wave up

Long
FX:EURAUD   Euro / Australian Dollar
The Daily chart seems a little confusing as far as structure. Zooming out to the weekly we can clearly see that price wants to go up for one more move. I`m not sure how far it would go but I don`t expect it to go way above the 3rd wave top. After the 5th wave is over, we should see a deeper zigzag correction to one of the support levels (with yellow dotted line), before continuing the bigger move up.

Euro appreciated a lot against most of the currencies and looks ready for a bigger correction on all the pairs.

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