1,7100. 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 1,6985 and 1,7150. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.
Resistances
1,7150 - 1,7290
Supports
1,7030 - 1,6985

tags: Forex, euraud
author: Arnaud Jeulin
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