EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/AUD falling inside the minor ABC correction 4
2019-11-11 • Updated
- EUR/AUD falling inside the minor ABC correction 4
- Next sell target - 1.4650
EUR/AUD continues to fall inside the sharp minor ABC correction 4 – which earlier broke through the support trendline of the sharp daily up channel from April, upper trendline of the daily up channel from February, support level 1.4840 and the 38.2% Fibonacci correction of the previous upward impulse from April. EUR/AUD is expected to fall down further to the next sell target at the support level 1.4650 (which reversed the previous correction 2 and which is the forecast price for the termination of the active correction 4).
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