EURAUD delivered a clean corrective pullback in subwave 4, successfully retesting the projected resistance area highlighted in our previous analysis. From that level, price action has started to turn lower again, signaling a continuation of the broader bearish structure. CHECK IT HERE
We now see the pair resuming its decline within subwave 5 of wave (3), opening the door for further weakness toward the 1.60–1.59 region. This zone stands out as a potential target area where the current bearish leg could start to lose momentum.
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