1,6299. EUR AUD is in a range between 1,6275 and 1,6400. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The price should find a support above 1,6275. If the support is broken then the target will be 1,6170 (130 pips).
We are waiting for a break of support to take a short position.
1,6330 - 1,6400
1,6275 - 1,6170