EUR/AUD - Euro Australian Dollar, American Session - 27/03/08
1,7080. EUR AUD is in an uptrend supported by 4H exponential moving averages. EUR AUD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,7165 - 1,7265
- Supports
- 1,7050 - 1,6935
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