$EURAUD (9.12.2013)

Pair is in a 5 wave decline from 1.5033 peak Wave (( iv )) appears to have completed as a FLAT and a swing lower is now expected to complete wave (( v )). In case of new highs above 1.4402, wave ( c ) of (( iv )) can take the form of an Ending Diagonal and can reach as high as 1.4455 before turning lower. Rally through 1.4500 would be concerning and suggest a cycle from 1.5033 may have completed already.

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