EUR/AUD rising inside minor impulse wave 3
- EUR/AUD rising inside minor impulse wave 3
- Next buy targets - 1.4900 and 1.5000
EUR/AUD continues to rise inside the minor impulse wave 3, which started earlier - when the pair reversed up for the support zone lying between the major long-term support level 1.4490 (which reversed the previous waves (C), A and (2), as can be seen from the daily EUR/AUD chart below) and the lower daily Bollinger Band.
EUR/AUD is expected to rise further in the active impulse waves 3, (3) and ③ toward the next buy target at the resistance level 1.4900 – the breakout of which can lead to further gains toward the next round resistance level 1.5000.