EURAUD made a nice sell to the downside last week, this week we see that price has closed below the 100 Day moving average and made a correction. Now is a good time to sell lower.
Was in a short from around 1.95 level. got greedy when it come down to early 80's and moved a trailing stop one night too tight. Stopped out for lovely profits, but annoying to see it now late 70's. Looking for new entry as I think your right, it's early 70's target.