| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The common European currency has been trading sideways against the Australian Dollar since May 12. The currency pair traded between the range of 1.6866/1.6636 during the past two weeks.
All things being equal, a downside breakout could occur within this week's trading sessions.
If the breakout occurs, a decline towards the 1.6400 would be expected in the short-term.
However, if the 1.6635 support line holds, the EUR/AUD currency exchange rate would make an upward move during the following trading sessions.