EURAUD Another Down Move Likely, Look For Bearish Price Action

Hi traders:

Also looking at EURAUD for more downside opportunities.

We can see from previous forecast and analysis, price completed the continuation correction, and strong bearish impulse down, broke the previous lows.

After such strong move, naturally price needs to correct in order to continue.

We did see a lower time frame ascending channel, smaller H and S. This may be enough to push price lower, but also take into consideration a bigger consolidation may formed as well.

So do be on the look out for these 2 possible scenarios to give price enough momentum to continue lower to the next lows

Thank you

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