1,6679. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue to gather momentum. The target is expected at 1,6550 (125 pips).
=> We could take a short position at 1,6680. We will put the stop loss above 1,6725 (-45 pips). The targets are 1,6600 (+80 pips) 1,6550 (+120 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,6725 - 1,6785
1,6630 - 1,6600