EURAUD top-down analysis (two possible scenarios)

on DAILY: EURAUD is sitting around a resistance zone so we will be looking for objective sell setups on lower timeframes.

unless price breaks it upward, then a bullish movement would be expected.

on M30: EURAUD is forming a channel in blue (not valid yet) so we are waiting for a new swing to form around it to consider it our last swing and enter sell on its break downward