EURAUD continues bearish trend

Starting last week into this week price made an bearish impulse from 1.49000 to 1.44000 breaking support level at 1.46000. On the retest of the broken support turned resistance price can be seen being rejected by the 38.2% of the fib. Further confirmation can be seen on the 4hr TF as a double top has bee formed. The retest of the neckline of the pattern will be a good area to look for a short with TP at 1.42000.