EUR/AUD - Euro Australian Dollar
Short term (Intraday)
1,7145. EUR AUD is in a range between 1,7000 and 1,7190. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,7000 / 1,7190 range. If the resistance is broken then the target will be 1,7200. We won't take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,7190 - 1,7220
- Supports
- 1,7100 - 1,7000
updated 01 sept 2008 11:57 GMT +02:00
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