1,6306. EUR AUD broke 1,6350 support. 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 downtrend should continue on 1,6150 (150 pips) support.
=> We could take a short position at 1,6310. We will put the stop loss above 1,6355 (-45 pips). The targets are 1,6200 (+110 pips) 1,6150 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,6335 - 1,6355
1,6275 - 1,6200