1,6449. EUR AUD is in an downtrend directed by 1H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,6455. The downtrend should continue to gather momentum.
=> We could take a short position at 1,6450. We will put the stop loss above 1,6500 (-50 pips). The targets are 1,6350 (+100 pips) 1,6300 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,6455 - 1,6525
1,6420 - 1,6350