1,7019. EUR AUD is in an downtrend directed by daily exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 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 1,7050 (31 pips). The downtrend should continue on 1,6870 support (149 pips).
1,7050 - 1,7100
1,6950 - 1,6870

tags: Forex, euraud
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.