Grettings Forexia family lets see whats going on with EURAUD from my perspectve. What i can see from the chart is that the pair had overall downtrend. However, on monday it broke the trendline trapping buyers of the obvious zone, where most likely that they gonna have stop losses there in the image i circled the possible zones.
As it did not stop hunt the low and went straight to the up. Now i can see that it was a massive buyers induction. I believe the pair has more room to go down 1.61 taking all the buyers out.
PLEASE USE THIS ANALYSIS AS A GUIDE TOOL FOR YOUR TRADING
DONT FORGET TO USE PROPER MONEY MANAGEMENT AND LOT SIZE.