1,6371. EUR AUD is in a consolidation after the last bearish movement. EUR AUD is in a range between 1,6280 and 1,6710. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. The price should find a resistance below 1,6500. We won't take a position. The risk/reward ratio is too high to take a position..
1,6410 - 1,6500
1,6350 - 1,6280