EUR/AUD - Euro Australian Dollar, European Session - 29/02/08
1,6055. There is an horizontal range between 1,6000 and 1,6080. Support and resistance are given by Bollinger bands. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,6080 - 1,6100
- Supports
- 1,6020 - 1,6000
Source : EUR AUD
This entry was posted on Friday, February 29th, 2008 at 6:41 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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