Here I am looking for EURAUD to take out liquidity up around the 1.6000 area. News will be coming between 2:15 a.m. and 2:30 a.m. CST that may be the catalyst to take out the liquidity above Asia. Once liquidity is taken, I'm waiting for the short term low to be broken and then a retest of the zone at around 1.5950 with a sell target around 1.5580 for a 370 pip total.