1,7071. EUR AUD is in an uptrend supported by 4H exponential moving averages. EUR AUD is in a consolidation after the last bullish movement. EUR AUD is in a range between 1,6945 and 1,7210. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
1,7100 - 1,7200
1,6995 - 1,6940

Arnaud Jeulin