![](https://s3.tradingview.com/x/xRMt1LbT_mid.png)
EURAUD recently broke an uptrend line to the downside
Price is currently at a demand zone
price has just recently broken local resistance to the upside after holding at the demand zone
looking for price to head towards 61.8 percent retrace before turning around; likely creating a lower high
Buy limit @ 1.60351
SL @ 1.59997