29/08/2022
The price of Euro against the Australian dollar is taking a descending impulsive wave that represents a wave c. And recently, It ended the corrective wave ((ii)) at 1.53978 and then started the wave (i) that targeted the support at 143.211. And it is expected that prices will take in the coming period a corrective pattern that represents the wave (ii), which may reach 78% retracement from the wave (i).
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20/8/2022
The euro against the Australian dollar is preparing to decline after forming a 1 2 1 2 pattern where the wave ((III)) with highest momentum, which is supposed to cross the support area represented by 1.43211 . The critical limit to the success of this scenario is 1.53978
03/09/2022
It is still trading within the direction of a bearish motive wave ((3)) of c, whose first objective is to break the support formed at 1.16216. the critical limit that supports this decline is 1.68273.
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Coming closer to the weekly range, we are looking for more downside with a sharp slope to complete wave ((3)).
We are looking for a sell-off in wave c, which targets a new low lower than wave a, critical resistance at 1.99096