EURAUD more downside potential

FX:EURAUD   Euro / Australian Dollar
95 0 1
I'm not too familiar with this pair; however, upon glancing over the bigger picture we can see a weekly counter trend line break along with lower lows and lower highs. Simple fib retracement to the 61.8 level has been completed, and we could potentially see a nice take profit area with numerous confluences at the 1.312 level.
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