1,7514. EUR AUD is in an downtrend directed by 1H exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The price should find a resistance below 1,7540 (26 pips). The downtrend should continue to gather momentum.
Resistances
1,7545 - 1,7670
Supports
1,7490 - 1,7465

tags: Forex, euraud
author: Arnaud Jeulin
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