*The 4H , 40 Day EMA is currently in a downward slope which indicates short term downward movement. * The Parallel zone consists of the Weekly timeframe and this suggests that on a long term view FX:EURAUD is in a upward trend. * Therefore we can expect downward movement towards the 1.65000 level . * A buy option after this level will be most suitable with a Take Profit at : 1.72000
Always use risk management to ensure not to overtrade