FX.co ★ EUR/AUD to test 1.6113. Technical analysis for Feb 13, 2020

On the 4-hour chart, we can see the clean low area around 1.6113 which has already been tested a few times. The clean low area is a Liquidity Pool Area which acts as a magnet area for EUR/AUD after the pair has touched the latest 4-hour chart Bearish Orderblock at 1.6217. The pair seems to have gained momentum for going down to test the clean low area. As long as the price does not break out and closes above 1.6276, the pair is still going down towards this clean low area.

(Disclaimer)