1,6352. EUR AUD is in an downtrend directed by 1H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. The price is just above 1,6335 support. The volatility is high. Bollinger bands are parallel and form the trend. 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 to gather momentum. The target is expected at 1,6200 (150 pips).
=> We could take a short position at 1,6360. We will put the stop loss above 1,6400 (-40 pips). The targets are 1,6250 (+110 pips) 1,6200 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,6375 - 1,6455
1,6335 - 1,6300