Panos asked for a short term update on EUR/AUD.
We are likely in Black wave iv, which should be a flat or triangle. It should also be a shallow correction, likely not below 1.3814, before the next rally higher towards 1.5196 as the most likely target, but be careful, as Fifth waves can terminate once they has move just one pip above the top of wave three, which in this case would be at 1.4416.
We will try to update GBP/AUD and AUD/USD later today, but has had a busy schedule lately.
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