EUR/AUD - Close to a top for the next powerful decline?

(Please click at the charts to see them better)

EUR/AUD

 

After a nice five wave decline from 1.5597 to 1.5030 as wave A we have seen a powerful B wave higher as a simple zig-zag. This zig-zag is almost over, but I expects one last high between 1.5522 - 1.5545 before wave B finally tops and the powerful wave C lower takes over for a decline towards at least 1.4579.

 

At no point can a break above 1.5597 be allowed as that would call for a continuation higher towards 1.6000 before the top is in place.