1,6423. EUR AUD is in an downtrend directed by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue to gather momentum. The target is expected at 1,6200 (220 pips).
=> We could take a short position at 1,6425. We will put the stop loss above 1,6465 (-40 pips). The targets are 1,6300 (+125 pips) 1,6200 (+225 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,6460 - 1,6530
1,6400 - 1,6300