EURAUD continues bearish trend

EURAUD has been in a bearish state for some time now and from where price is currently sitting at we can expect its continuation to the downside. Starting from the daily timeframe we can price made an impulse from 1.49500 to 1.43500breaking below support level between 1.46000 and 1.45500. On the retest of the broken support turned resistance price formed a head and a left shoulder which we do expect the right shoulder to be completed soon. During the completion of the pattern we can scale down to the smaller TF for entry with TP at 1.41500.