1,6223. 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. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue to gather momentum.
=> We could take a short position at 1,6225. We will put the stop loss above 1,6275 (-50 pips). The targets are 1,6130 (+95 pips) 1,6000 (+225 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,6245 - 1,6300
Supports
1,6190 - 1,6130