1,6324. EUR AUD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 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.
=> We could take a short position at 1,6325. We will put the stop loss above 1,6360 (-35 pips). The targets are 1,6260 (+65 pips) 1,6200 (+125 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,6340 - 1,6370
1,6290 - 1,6260