1,6339. EUR AUD broke 1,6390 support. EUR AUD is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue to gather momentum. The target is expected at 1,6170. The price should find a support above 1,6310.
=> We could take a short position at 1,6340. We will put the stop loss above 1,6390 (-50 pips). The targets are 1,6220 (+120 pips) 1,6170 (170 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,6390 - 1,6480
1,6310 - 1,6220