1,6001. EUR AUD is in an downtrend directed by 4H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. EUR AUD is in a range between 1,6000 and 1,6130. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The price should find a support above 1,6000. The consolidation should continue. If the resistance is broken then the target will be 1,5800 (200 pips).
1,6060 - 1,6130
1,6000 - 1,5940