Hi there fellow traders, here is my view on EURAUD for the upcoming week. I believe in simple wave analysis, and I firmly believe we have found one. Here is a simple 5 wave elliot pattern. We have our 1st impulse wave, 2nd as a corrective, 3rd as an impulse and 4th as a corrective again. We may see wave 5 as an impulse rally straight to our 4H Resistance area. Good luck.
Trade closed: target reached