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EURAUD: More Weakness Could Be In The Cards

Short
Euro / Australian Dollar (FX:EURAUD)  
ew-forecast  
FX:EURAUD   Euro / Australian Dollar
euruad Elliott Wave correction impulsive
12
7
euruad elliottwaves correction impulsive
EURAUD completed a corrective pullback in the ABC manner at 1.520. From this C wave highs a sharp drop down occurred on EUR while the other pair AUDUSD seems to trade more stable or even higher in recent sessions. For now a nice 3 wave move down unfolded with wave 4 in view with resistance around 1.4658-1.4711 region.

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