1,6159. EUR AUD broke 1,6200 support. EUR AUD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The target is expected at 1,6000.
=> We could take a short position at 1,6160. We will put the stop loss above 1,6200 (-40 pips). The targets are 1,6110 (+50 pips) 1,6000 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,6195 - 1,6250
1,6145 - 1,6110