1,6671. EUR AUD broke 1,6725 support. EUR AUD is in an downtrend directed by 1H exponential moving averages. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue on 1,6500 (170 pips) support.
=> We could take a short position at 1,6670. We will put the stop loss above 1,6725 (-55 pips). The targets are 1,6600 (+70 pips) 1,6500 (+170 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,6685 - 1,6725
1,6630 - 1,6600