EURAUD hard battle between buyer and seller

with the very strong price rejection from the 1st of july, buyer would think this must be a strong area of support in 1.48, however i think the cycle of bullish trend from april has ended , the price has never successfully made a higher high since july, and the bearish trend will continue for this pair to the larger demand zone lower down.
Chart PatternsEURAUDTechnical IndicatorsTrend Analysis

Penafian