1,6328. EUR AUD broke 1,6500 support. EUR AUD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are flat. 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. The target is expected at 1,6200 (130 pips).
1,6350 - 1,6410
1,6280 - 1,6200