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EURAUD possible buy

Por TheBackpackTrader
Looking at EURAUD on the daily chart, we can see that there was a huge move to the upside. Since then, price has been correcting itself back down but not strong at all. Looks like buyers are getting ready as price came down to an area where price continues to get rejected forming many wicks to the downside signaling buying opportunities. Still in an overall downtrend but this can possibly be the start of a new uptrend.

https://www.tradingview.com/x/qUPsf19a/EURAUDEURAUD
Trend Analysis
TheBackpackTrader
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