EURAUD

EURAUD 4HR

The EURAUD as completed 3 waves down and should find strong resistance at the 1.4331 level, expecting prices to rally to around 1.4331 to 1.4357 before testing the low at 1.4192. If prices mange to break above 1.4331 prices may go as far as 1.4375 before finding resistance.  

EURUSD

EUR/USD 4Hr

Expecting the EUR/USD to rally to around 1.352 to 1.355 (red rectangle) before retesting the lows. If prices however break below 1.3449 prices may go as low as 1.343 before rising.

Resistance: Major resistance is 1.3549
Support: Major support 1.3434