1,9344. 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 decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The price should find a resistance below 1,9400 (56 pips). The downtrend should continue to gather momentum.
- 1,9400 - 1,9450
- 1,9270 - 1,9190