1,7396. EUR AUD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The price should find a support above 1,7365 (31 pips). The consolidation should continue. If the support breaks then the target will be 1,7250 (146 pips).
Resistances
1,7440 - 1,7505
Supports
1,7365 - 1,7290

tags: Forex, euraud
author: Arnaud Jeulin
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