EURAUD made a bearish move on the H4 chart. The price action shows that the price made an ABC pattern to take the bearish ride. A down-trending trend line can be drawn there as well.
However, the price after making the new lowest low on the H4 chart, it had a bounce at a level where it had several bounces earlier. Since the level of support is a strong one, the breakout shall be a strong one too. However, the question is whether we get a downside breakout or not. Let us have a poll on this.
Scenario 1: The price will make a breakout at the support level and head towards the South.
Scenario 2: The price will be held by the support level and head towards the North.