Elliott wave Analysis EURAUD Intra-day Update
Hi traders,
After that big spike to 1.67 area, EURAUD dropped sharply lower and it's probably unfolding an impulsive five-wave decline, so be aware of more weakness back below 1.60 area within wave »v« of 3 after a small correction in sub-wave »iv« that can find resistance around 1.61 area. If we are surprised by an impulsive rally back above 1.63 region, then we may adjust the view.
After that big spike to 1.67 area, EURAUD dropped sharply lower and it's probably unfolding an impulsive five-wave decline, so be aware of more weakness back below 1.60 area within wave »v« of 3 after a small correction in sub-wave »iv« that can find resistance around 1.61 area. If we are surprised by an impulsive rally back above 1.63 region, then we may adjust the view.
