1,6278. 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 parallel and form the trend. 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 resistance below 1,6300. The downtrend should continue on 1,6160 (110 pips) support.
=> We could take a short position at 1,6280. We will put the stop loss above 1,6310 (-30 pips). The targets are 1,6220 (+60 pips) 1,6160 (+120 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,6285 - 1,6310
1,6260 - 1,6220