EUR/AUD - Euro Australian Dollar, European Session - 13/05/08
1,6419. EUR AUD is in an downtrend directed by 4H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,6260 / 1,6480 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,6440 - 1,6480
- Supports
- 1,6345 - 1,6260
This entry was posted on Tuesday, May 13th, 2008 at 7:45 and is filed under Uncategorized. 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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