1,7027. EUR AUD is in a consolidation after the last bearish movement. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,7000 (27 pips). If the support breaks then the target will be 1,6900 (127 pips).
1,7110 - 1,7210
1,7000 - 1,6900

tags: Forex, euraud
author: Arnaud Jeulin
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