GBP/NZD reversed from resistance zone Next sell target - 1…
EUR/AUD broke support area
- EUR/AUD broke support area
- Next sell target - 1.5300
EUR/AUD continues to fall sharply after the earlier breakout of the support area lying between the support level 1.5500 (which stopped the previous minor corrections (iv) and (a), as can be seen below) and the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of November. The breakout of this support area accelerated the active minor impulse wave c. EUR/AUD is expected to fall to the next sell target at the next support level 1.5300 (target for the completion of wave c).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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