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Supports: 1.1724; 1.1670; 1.1630
Outlook
Yesterday's rally managed to reach the 20-day SMA at 1.1724, however, this resistance turned out to be too weak to reverse the uptrend, therefore today the bullish advance continues, and the EUR/AUD currency couple might even reach the weekly R2 at 1.1829, which is likely to reverse the prevailing tendency. If it fails to change the direction of the current movement, then next resistance at 1.1865 (Upper Bollinger Band) is very likely to change the prevailing tendency. In addition, RSI indicator remains neutral, therefore EUR/AUD is neither over-bought nor over-sold at the particular moment.
Traders' sentiment
SWFX market participants have mixed feelings about the EUR/AUD currency pair, since 48% of traders hold bullish positions and 52% of traders hold bearish positions. The situation with orders spots that traders expect the Euro to lose value against the Australian Dollar, as 61% of traders ordered to sell and only 39% of ordered to buy the Euro.