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EUR/AUD - Euro Australian Dollar

EUR/AUD - Euro Australian Dollar

Short term (Intraday)

1,6515. EUR AUD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR AUD. The price should find a resistance below 1,6535. If the resistance is broken then the target will be 1,6800 (285 pips).
We are waiting for a break of resistance to take a long position.

Resistances
1,6525 - 1,6535
Supports
1,6470 - 1,6420
updated 01 juil 2008 11:25 GMT +02:00

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