1,6196. EUR AUD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue to gather momentum. The target is expected at 1,6000 (195 pips). The price should find a support above 1,6180.
=> We could take a short position at 1,6220. We will put the stop loss above 1,6260 (-40 pips). The targets are 1,6180 (+40 pips) 1,6150 (+70 pips) 1,6000 (+220 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,6250 - 1,6295
1,6180 - 1,6150