EUR/AUD falling inside the minor ABC correction 4

EUR/AUD falling inside the minor ABC correction 4

  • 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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GBP/USD: pound entered into channel Tenkan-Kijun

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