1,7388. EUR AUD is in an downtrend directed by 1H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. The price is just above 1,7365 support. The volatility is low. ForexTrend 1H, 4H, 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 support above 1,7365 (23 pips). If the support breaks then the target will be 1,7250 (138 pips).
Resistances
1,7440 - 1,7500
Supports
1,7365 - 1,7250

tags: Forex, euraud
author: Arnaud Jeulin
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