1,6275. EUR AUD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (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 1,6235. The consolidation should continue. If the support is broken then the target will be 1,5800 (470 pips).
=> We could take a short position at 1,6280. We will put the stop loss above 1,6330 (-50 pips). The targets are 1,6190 (+90 pips) 1,6130 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,6300 - 1,6330
1,6235 - 1,6190