Euro Australian Dollar (EUR AUD) analysis

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updated analysis since 19 h

EUR/AUD - Euro Australian Dollar

EUR/AUD - Euro Australian Dollar

Short term (Intraday)

1,6373. EUR AUD is in an downtrend directed by 1H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. EUR AUD is in a range between 1,6270 and 1,6290. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands. If the support is broken then the target will be 1,6200. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,6390 - 1,6450
Supports
1,6270 - 1,6200
Long term chart
EUR/AUD - Euro Australian Dollar
updated 09 mai 2008 05:41 GMT

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Sat, 10 May 2008 01:57:21 +0200
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