EUR/AUD - Euro Australian Dollar, Asian Session - 31/01/08
1,6592. EUR AUD is in a range between 1,6500 and 1,6900. 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 1,6500 / 1,6900 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,6640 - 1,6740
- Supports
- 1,6540 - 1,6500
Source : EUR AUD
This entry was posted on Thursday, January 31st, 2008 at 22:23 and is filed under EUR AUD. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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