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.