EUR/USD

Analysis:

Since the beginning of August, a hidden correctional model has been developing on the euro chart. It lacks the final part (C). In recent days, the price of the pair is within the support zone of a large scale. An upward wave with a high wave level is formed on the shallow TF.

Forecast:

The current wave construction should end with a price jump up, at least to the minimum goals. In the coming sessions, a reversal and the start of a price increase are expected. The calculated zones show the expected limits of daily volatility.

Potential reversal zones

Resistance:

- 1.0970/1.1000

Support:

- 1.0900/1.0870

Recommendations:

Euro sales are irrelevant today. As part of the intraday, it is recommended to pay attention to the emerging buy signals. For trading on large TFs, it is better to refrain from pair entry to the market at this time.

AUD/USD

Analysis:

The downward wave from September 12 to the present day exceeded the correction level of the previous bullish wave. The structure of the current movement looks complete. There is a need for correction. The price has reached the intermediate support level.

Forecast:

Contact with the reversal zone today can trigger a price pullback. Probably, it will take the form of a sidewall, but a short-term rise to the resistance zone is not excluded. A return to the main course of movement can be expected tomorrow.

Potential reversal zones

Resistance:

- 0.6760/0.6730

Support:

- 0.6700/0.6670

Recommendations:

Being out of the pair's market is the safest tactic today. The potential for a decline in sales has been exhausted, but the conditions for purchases have not yet been created. At the end of the upcoming rollback, it is recommended to monitor the sell signals.

Explanations: In the simplified wave analysis (UVA), the waves consist of 3 parts (A-B-C). The last unfinished wave is analyzed. The solid background of the arrows shows the formed structure, dotted – the expected movement.

Attention: The wave algorithm does not take into account the length of time the tool moves!