1,7471. EUR AUD is in an downtrend directed by 1H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The price should find a resistance below 1,7530 (59 pips). The downtrend should continue to gather momentum.
Resistances
1,7505 - 1,7530
Supports
1,7400 - 1,7290

tags: Forex, euraud
author: Arnaud Jeulin
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