Elliott Wave Analysis: EUR/AUD In Motion Towards New Lows

EUR/AUD is trading nicely lower today, away from the 61.8 Fibonacci ratio, which means that previous wave B found a top. As such wave C may be in motion towards the lower red triangle line. A decisive breach beneath the 1.4096 level would be a confirmation for lower levels to follow.

EUR/AUD, 4H

EUR/AUD 4 Hour Chart

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