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

EUR/AUD - Euro Australian Dollar

EUR/AUD - Euro Australian Dollar

Short term (Intraday)

1,6279. EUR AUD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6250. If the support is broken then the target will be 1,6000.
=> We could take a short position at 1,6280. We will put the stop loss above 1,6320 (-40 pips). The targets are 1,6200 (+80 pips) 1,6000 (+280 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
1,6310 - 1,6360
Supports
1,6250 - 1,6200
updated 07 juil 2008 05:47 GMT +02:00

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