EURAUD: The Market For Buying

The price broke the local uptrend line, and it gives us a bearish signal.
But I don't think that selling is a good idea.

The weekly chart supports buyers as the price is at SMA100.
The daily timeframe gives us a support zone between 1.59000 and 1.59700 levels. In order to continue the downtrend, the price will have to drop below the support.

RSI doesn't support the further downward movement. The same goes about MACD histogram. DMI doesn't tell us about the strength of sellers.

I would like to use the previous bullish candle as a reversal pattern and buy based on it. The market can move above the uptrend line and continue the uptrend, or just move sideways in the borders a price channel. It does not matter. For both cases, we have the space for the upward movement. That's why I think it is better to open long positions in this market.