Euro Australian Dollar (EUR/AUD) - 05/05/2008 - Archive

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EUR/AUD - Euro Australian Dollar

EUR/AUD - Euro Australian Dollar

Short term (Intraday)

1,6423. EUR AUD is in an downtrend directed by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue to gather momentum. The target is expected at 1,6200 (220 pips).
=> We could take a short position at 1,6425. We will put the stop loss above 1,6465 (-40 pips). The targets are 1,6300 (+125 pips) 1,6200 (+225 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,6460 - 1,6530
Supports
1,6400 - 1,6300
updated 05 mai 2008 13:26 GMT +02:00

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