$EURUSD Daily #ElliottWave Count

 EURUSD Daily Elliott Wave Count

Last week I mentioned the EURUSD targets of around 1.2400 to 1.2450.  I do believe the pair could reach 1.2800 - 1.2850 with a C equal A target on the weekly charts.  If the pair is going to reach the 1.2800 - 1.2850 target the I would expect the wave V to be extended.  

 EURUSD Daily Elliott Wave Count

 EURUSD Daily Elliott Wave Count

 

#EURAUD Daily #ElliottWave Count

EURAUD Daily Elliott Wave Count

The first move off the highs of 1.67875 is a 3 wave move followed be what could be a B wave triangle with a C wave down now.  This doesn't help me figure our if the top is in or if it is another correction to the Ending Diagonal.

I am looking lower while the 1.67875 holds.

EURAUD Daily Elliott Wave Count

#EURAUD Daily #ElliottWave Count

EURAUD Daily Elliott Wave Count

Looking for one more move above 1.67875 to complete a possible Ending Diagonal C Wave.  

I believe the pair is on its way up to the 1.7 area as long as the recent lows remain in place, a break above 1.63237 in the next few days will help with that. 

EURAUD Daily Elliott Wave Count

$EURAUD Daily Elliott Wave Count

EURAUD Daily Elliott Wave Count

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08/06/18

As I mention on the Weekly Elliott Wave Count, we are looking at the move up from the 1.36274 lows to the highs of 1.61917 as an Elliot Wave Leading Diagonal for either Blue Circle i or a.

The move from those high has seen three wave lower for an ABC correction I have labeled as w.  The move up from 1.52755 in corrective but still only looks like one wave up rather than a three wave correction.  We could however have a failed C wave with the spike up to 1.58907 to end the x wave.  It is certainly possible that we have a deep correction that holds above the 1.52755 then makes a new high above 1.58907 before we see the 1.46000 area.  Only a move above 1.61917 should we consider this correction over.  Until that happens I will be looking for a move toward 1.50 and even 1.46.

$EURAUD Daily Elliott Wave Count