1,8693. EUR AUD is in an downtrend directed by 1H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. The volatility is low. 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 on 1,8500 support (193 pips). If the support is broken then the target will be 1,8000 (693 pips).
=> We could take a short position at 1,8700. We will put the stop loss above 1,8850 (-150 pips). The targets are 1,8500 (+200 pips, risk/reward 1:1.3), 1,8300 (+400 pips, risk/reward 1:2.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,8830 - 1,9130
1,8610 - 1,8500