EURAUD Swing Analysis

Hey Traders,

EURAUD is in very interesting area at the moment.
If we look a at the way how is is coming down we can say that the strength to the sellers is high then buyers which shows us the sign that it will go for short but we have a very nice demand area at 1.57600.

If we don not get reacted from demand zone with strength to the buy side then I'm expecting a short towards 1.56850.
Scenario 1.

Scenario 2.