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EUR/AUD - Euro Australian Dollar

EUR/AUD - Euro Australian Dollar

Short term (Intraday)

1,6894. EUR AUD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR AUD. The uptrend should continue to gather momentum. The price should find a resistance below 1,7000. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,6915 - 1,7000
Supports
1,6825 - 1,6780
updated 05 août 2008 12:43 GMT +02:00

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