Euro Australian Dollar (EUR/AUD) - 04/07/2008 - Archive

EUR/AUD - Euro Australian Dollar

EUR/AUD - Euro Australian Dollar

Short term (Intraday)

1,6334. EUR AUD is in a consolidation after the last bearish movement. The volatility rises. 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 consolidate. The price should find a support above 1,6260 - 1,6330. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,6370 - 1,6410
Supports
1,6330 - 1,6270
updated 04 juil 2008 04:58 GMT +02:00

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