Daily Forex technical analysis for the major pairs Based On The Elliott Waves Principle Combined with Various Technical Indicators And Fundamentals
Tuesday, November 9, 2010
EURUSD & AUDUSD Chart Update
Hi Traders
my yesterdays EURUSD chart worked like a charm , the trend spiked below the bottom of my support zone shown on my yesterday's chart at 1.3850 , it went to around 1.383s before reversing higher , the MACD indicator on the chart shown here confirms the short term bottom with 3 waves up to emerge before the down trend continuation
levels to watch on the upside for potential reversal down again is at 1.40-41 with 1.4050 is the key level i m watching
Aussie showing a break higher from a triangular 4th wave pattern with more upside to come which is similar to the gains expected in the EURUSD Chart.
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