EURAUD going up to 1.54 target zone
Market has finished Elliot Waves correction ABC and start the Elliot Waves 12345 up move. This match Fibonacci retracement at 50% as is a strong continuation signal.
There is posibility for price to go down to retest the Daily support line at price ~ 1.5 because channel move was not finished yet.
Take profit target zone is at ~ 1.54 price level.
There is posibility for price to go down to retest the Daily support line at price ~ 1.5 because channel move was not finished yet.
Take profit target zone is at ~ 1.54 price level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.