1,6716. EUR AUD is in an downtrend directed by 4H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. EUR AUD is in a range between 1,6630 and 1,6770. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish 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..
- 1,6740 - 1,6770
- 1,6680 - 1,6630