1,7634. EUR AUD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The consolidation should continue. The price should find a support above 1,7570 (64 pips). If the support breaks then the target will be 1,7470 (164 pips).
Resistances
1,7650 - 1,7770
Supports
1,7575 - 1,7470

tags: Forex, euraud
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.