EURAUD downward continuation

Been in a short for awhile now, gonna be looking to exit around the 1.6000 level. I think price will be magnetized to this level. Not sure if we will see a close below that trendline. I would almost be expecting us to see something negative come out involving china this week with the new loan information being released. China has been giving out significantly less credit recently. And since AUD economy is effected by this I think we could see some difficulty breaking this level. But there's also a heavy amount of selling pressure on the Eur currently so I guess will see soon enough. Any opinions greatly appreciated.