1,6710. 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 is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. The price should find a support above 1,6630. If the support is broken then the target will be 1,6500. We won't take a position. The risk/reward ratio is too high to take a position..
1,6720 - 1,6790
1,6660 - 1,6630