At EURAUD H4 chart can be seen consolidation. This is evidenced by the EMA’s-exponental moving averages (75- and 100-periodic), which often intersect and change theirs direction. Worth noting is the last test of support at 1.4200 level, the response of demand was getting weaker.
Actually we can see that the price for an extended period of time is below the psychological level of 1.4200.
Noticeable is also bearish reaction to these levels. Setting a lower low will probably lead to more bearish reaction. Strong support is located at round level 1.4000