Elliott wave Analysis: EURAUD Can Experience Resistance Around 1.5731-1.5758

EURAUD is nicely recovering into sub-wave c of 4, which can see some interesting resistance and turning point levels around the 1.5731-1.5758 region. Price can there be slowed down by Fibonacci ratio of 38.2 and also the lower base channel line.



Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.