The price of EURAUD have been trending upwards and traders have been market up the price.
The closed of last week price is a continuing in few hundred more In net profits. Traders who are inexperience and with limited capital to trade on are to entry at the retracement with small amount of existing capital. Keeping out of margin call and keep losses small, letting your profit run has its history.
New entry can be done close to previous lows and remember to have tight stops.