EURAUD Aussie strong performance is a decisive factor

Hi, best regards.

This is a similar analysis to the recently released AUDCAD pair.

It's just that the principle used this time is the principle of correlation between pairs which emphasizes the strengthening of the AUD currency.

Based on the analysis the pair has done will at least touch at least the 1.618 Fibonacci level.

If the trend is still strong and there is still a bearish pattern, then this trend will continue and go to the Fibonacci level further 2.618.

The best way to trade is to follow the direction of the current trend which is bearish or wait for a deeper correction and then enter the trend.

Notes:
1. This is not a suggestion to take financial action
2. VolumeWaveFx is not an officially licensed economist.