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EUR/AUD - Euro Australian Dollar

EUR/AUD - Euro Australian Dollar

Short term (Intraday)

1,6498. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,6600. The price should consolidate. If the resistance is broken then the target will be 1,7000.
We are waiting for a break of resistance to take a long position.

Resistances
1,6520 - 1,6590
Supports
1,6440 - 1,6400
updated 03 juil 2008 05:14 GMT +02:00

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