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EURAUD Update II: Bears Are Back


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September 21 2019

Two weeks back or so we were bullish on EURAUD (see it here) and called that leg up which proved to be wave C that completed a bigger three wave recovery at 1.5095. From there market came down very aggressively, but with fifth wave trading now at some significant Fib. level that can cause a temporary upward correction. As such, any shorts can be safer from higher levels than from here... I am waiting on FED today anyhow, and then lets see what price action brings. Grega

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