From the technical point of view, the pair has formed AB=CD pattern (bearish), but at the same time has reached an important support (daily), having said that it is possible to try to take a long position with a very small size.
In chart below, you will find our analysis about supports and resistances on the daily chart:
https://www.tradingview.com/chart/EURAUD/Hk6xm3rg-EURAUD-SUPPORT-RESISTANCE-AREA/
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