1,6233. EUR AUD is in a range between 1,6200 and 1,6330. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The price should consolidate. The price should find a support above 1,6200. If the support is broken then the target will be 1,6000. We won't take a position. The risk/reward ratio is too high to take a position..
1,6260 - 1,6330
1,6255 - 1,6195