Price action: In this case EURAUD currency pair is into overall bearish flow. At the moment this pair is looking buy on lower timeframe to confused any short term traders but from flow view on this pair we're looking it as potencial sell idea to test 1.62256 support level. After testing this level, we'll see how strong are buyers. This trade will be perfect to sell after price will hold below S1 if it comes to breakout of this support level. After that overall potencial target is based on second support which is not that crytical then we'll have trouble with first support .
Potencial trade idea:
Bears targets: T1: 1.62256 T2: 1.61500
NOTE – We are trading EURAUD via the preferred trading setups
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