EUR/AUD - Euro Australian Dollar, Asian Session - 31/01/08

on January 31 2008 4:23 PM

1,6592. EUR AUD is in a range between 1,6500 and 1,6900. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 1,6500 / 1,6900 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,6640 - 1,6740
Supports
1,6540 - 1,6500

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