Move up in the pair continues to extend and though the structure doesn’t look like a very pretty impulse, we like more upside in the pair. Short-term support lies between 1.4594 – 1.4667 and price should now stay above 1.4477 previous peak as it continues higher. We don’t like selling the pair into corrective swings lower and will continue to use dips to look for long trading opportunities.
$EURAUD (7.31.2013)
Forex
Subscribe to Get Free Market Insights
Professional Elliott Wave insights, charts, and forecasts to guide your trading decisions.
Related Articles
Forex
CHFJPY Elliott Wave Analysis – Favors Upside Amid Choppy Actions
CHFJPY currency pair is poised for more upside despite recent decline and choppy price action....
ForexNews
USDJPY Impulsive Advance: Elliott Wave Signals More Upside
The short-term Elliott Wave outlook for USDJPY indicates that the cycle from the January 28,...
Blue Box WinsForex
USDCHF Blue Box Setup Delivers Profits Within Bearish Sequence
Hello traders, welcome to this new blog post where we discuss blue boxes. This time,...


