1,6419. EUR AUD broke 1,6300 resistance. EUR AUD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR AUD. The uptrend should continue on 1,6500 (80 pips) resistance. The price should find a support above 1,6350 (70 pips). We won't take a position. The risk/reward ratio is too high to take a position..
1,6430 - 1,6500
1,6350 - 1,6275