EURO DOLLAR
As my preferred count, the Euro is working a bearish contracting triangle whereas, w.(E) will unfold in three waves that will be followed by a substantial decline.
One could argue that the triangle is bullish in nature, whereas w.(D) would be unfolding and another three wave decline for w. (E) which wouldn't break 1.2051. Under this alternate count, the long term outcome would imply a thrust move above 1.5988.
AUSSIE DOLLAR
Much like the Euro Dollar, Aussie also exhibit a triangular formation but in this case, the triangle is labeled complete and a thrusting w. (V) should be underway. A break below 1.0089 would negate the fact that w.(V) was underway. Only a break below w.C circle (.9564) would concern the overall interpretation.
Best of Trading
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