1,6142. EUR AUD is in an downtrend directed by 4H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The consolidation should continue. The price should continue to move in 1,6000 / 1,6300 range. We won't take a position. The risk/reward ratio is too high to take a position..
1,6220 - 1,6300
1,6110 - 1,6000