I have traded the EURAUD in both directions since about the end of May and after I closed my long above 1.4500 last week I took another look at the charts and entered my shorts this morning. I think we are bound to head lower and this time I agree with the Paxforex call that we could see a breakdown below 1.4000. Their charts points out the head-and-shoulders pattern which was formed. The Euro may be in for a turbulent fourth-quarter.