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Thursday, February 11, 2016 5:43:09 PM
E/A is actually a mix of Eur/USD and AUD/USD. Cross out the dollar common denominator and you get E/A.
EU and EA have pretty much moved in opposite directions lately. EU rallied while AU tanked. Now, EU has finished up a large 4 hour TDI 5 wave move topside while AU finished up a large 5 wave TDI move downside. Now they're poised to move in opposite directions...AU up and EU down.
As fast and hard as the move up was on EA, the resulting move back down should be something to behold.
EU and EA have pretty much moved in opposite directions lately. EU rallied while AU tanked. Now, EU has finished up a large 4 hour TDI 5 wave move topside while AU finished up a large 5 wave TDI move downside. Now they're poised to move in opposite directions...AU up and EU down.
As fast and hard as the move up was on EA, the resulting move back down should be something to behold.
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