EURAUD Wave Analysis – 22 April, 2019

• EURAUD reversed from support area
• Further gains are likely

EURAUD recently reversed up from the support area lying between the key support level 1.5720 (which has been reversing the price from January) and lower daily Bollinger Band.

The upward reversal from this support area stopped the previous long-term ABC correction ② from the start of this year.

EURAUD is expected to rise further and re-test the next resistance level 1.5850 (top of the previous corrections 4 and (a)).