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Supports: 1.1764; 1.1722; 1.1678
Outlook
Although, RSI indicator remains neutral, the bearish tendency, which started yesterday, managed to continue its movement downwards, and now the EUR/AUD currency couple is heading towards the weekly PP at 1.1764, which might bring some bullish impulse. In case it fails to stop the downtrend, then the price might reach the 20-day SMA at 1.1722, which is very likely to reverse the direction of the present movement. On the other hand, current resistances are at 1.1882, 1.1911 and 1.1972, and they seem to be secure for now.
Traders' sentiment
Traders at the SWFX market have mixed feelings about the EUR/AUD currency pair, since 47% of traders hold bullish positions and 53% of traders hold bearish positions. The situation with orders is very similar, as 44% of traders ordered to buy and 56% ordered to sell the Euro, therefore anticipating that the single European currency will lose value against the aussie.