EUR/AUD - Euro Australian Dollar, European Session - 18/11/08

17 November 2008 @ 09:54 pm EDT

1,9532. EUR AUD is in a range between 1,9160 and 1,9670. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,9600 - 1,9670
Supports
1,9480 - 1,9315

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