The EUR/AUD remains in a strong downtrend. This daily chart shows the series of lower highs and lower lows which identifies the trend as down. I would continue to look for sells as long as the pair remained below the 1.35515 level noted on the chart. A move up through that price would not constitute a trend change but rather just reason to adopt a wait and see attitude.
![](https://media.dailyfx.com/illustrations/2011/01/05/EURAUD_body_75396d1294235264-trend-day-euraud-105.png)