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EURAUD Elliott Wave Analysis 11/22/2017

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The decline to 1.5057 in EURAUD ended Intermediate wave (X). Rallyfrom there unfolded as a 5 wavesimpulse Elliott Wave structure, thus as long as the pullbacks stay above 1.5057 low, pair could see further upside. Up from 1.5057,Minute wave ((i)) ended at 1.5234, pullback to 1.5075 ended Minute wave ((ii)), Minute wave ((iii)) ended at 1.5606, pullback to 1.5481 ended Minute wave ((iv)), and Minute wave ((v)) ended at 1.5657.

The 5 waves rally from 1.5057 low completed Minor wave A of azigzag Elliott Wave structure. Minor wave B is currently in progress as a double three Elliott Wave structure. Minute wave ((w)) ended of B at 1.545 and Minute wave ((x)) of B ended at 1.5626. Near term focus is on 1.529 - 1.542 area to end Minute wave ((y)) of B, then pair should resume the rally higher or bounce in 3 waves at minimum. We don't like selling the pair and expect buyers to appear in 3, 7, or 11 swing dips from the above area for at least a 3 waves bounce as far as pivot at 1.5057 low stays intact.

EURAUD 1 Hour Elliott Wave Analysis

euraud nov 22

ew cycle

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About the author  (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 42 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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