EUR/AUD - Euro Australian Dollar, European Session - 19/05/09

 @ibtimes
on May 18 2009 10:14 PM

1,7714. EUR AUD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (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.

Resistances
1,7750 - 1,7815
Supports
1,7655 - 1,7570

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