EURAUD Wave Analysis 15 April, 2021

• EURAUD broke daily up channel

• Likely to fall to support level 1.5360

EURAUD recently broke the support trendline of the minor daily up channel from March (which encloses the previous intermediate ABC correction (2)).

The breakout of this daily up channel should accelerate the active downward impulse (3).

EURAUD is likely to fall further toward the next support level 1.5360 (low of wave B of the previous ABC correction (2)).