EUR/AUD And EUR/NZD Pairs Show Short-Term Bull Setup

EURAUD is recovering, so for now we are observing a minimum three-wave A/1-B/2-C/3 rally away from that 1.6, with more upside potential in weeks ahead, up to 1.66 area after wave B/2 pullback.
It may actually have a completed an a-b-c pullback within wave B/2 in the 4-hour chart, so be aware of a continuation higher within wave C or 3, at least up to 1.6630 area.

euraud4h

EURAUD 4H Chart

EURNZD made an impulsive drop from the beginning of August till end of September, so more weakness is expected, but after a three-wave A-B-C corrective recovery that can retest 1.83 - 1.84 resistance area.
It seems to have a completed projected a-b-c corrective setback in wave B at first 1.78x support area, so watch out for a continuation higher within wave C towards 1.83 – 1.84 resistance zone. 

EURNZD4H

EURNZD 4H Chart

For more analysis like this, you may want to watch below our recoroding of a live webinar streamed today on October 21 2024:


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