1,6241. EUR AUD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6200. The consolidation should continue. If the support is broken then the target will be 1,6000 (240 pips).
=> We could take a short position at 1,6240. We will put the stop loss above 1,6280 (-40 pips). The targets are 1,6130 (+110 pips) 1,6000 (+240 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,6270 - 1,6290
1,6190 - 1,6130