A break of 1.56844 could indicate that this leg up from 1.3642 is over. I think it would take a break of 1.3642 to indicate the entire B wave correction is over.
A bullish count here would say that the move up from 1.3642 was only the A wave and this pullback is a B wave of Y of a WXY.
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| EURAUD Weekly Elliott Wave Count |
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