EURAUD Downtrend
In the 4H Chart, the pair is currently making a sideways correction of wave X, and we should target lower prices for wave Y.
Green support level around 1.645 is an interesting target.
Alternatively, wave X could still be in progress, and we would see upside grind before the drop. I consider the first scenario to have a higher probability.
Note
Alternative X confirmed, and we're on our way for Y.
Still considering green support is the first target.
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