Forex (foreign exchange) Currency trading

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EUR/AUD - Euro Australian Dollar

EUR/AUD - Euro Australian Dollar

Short term (Intraday)

1,6327. EUR AUD is in a range between 1,6225 and 1,6335. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 1,6225 / 1,6335 range.
=> We could take a short position at 1,6330. We will put the stop loss above 1,6355 (-25 pips). The targets are 1,6260 (+70 pips) 1,6225 (+105 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances
1,6335 - 1,6370
Supports
1,6260 - 1,6225
updated 23 juil 2008 12:45 GMT +02:00

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