1,6919. EUR AUD broke 1,7050 support. EUR AUD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The price should find a resistance below 1,6975 (56 pips). The downtrend should continue on 1,6750 support (169 pips).
1,6975 - 1,7035
1,6900 - 1,6830

tags: Forex, euraud
author: Arnaud Jeulin
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