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Supports: 1.1911; 1.1764; 1.1743
Outlook
Yesterday's bullish movement managed to reach and overcome the monthly PP at 1.1911, and today the EUR/AUD currency couple continues its rally. As for now, the price confronts the upper Bollinger band at 1.1965, which will probably bring some bearish impetus. In case it fails to stop the movement upwards, then next resistance at 1.1987 (weekly R2) is expected to reverse the prevailing tendency. In addition, RSI indicator shows neutral signal, therefore the currency pair is neither over-bought nor over-sold at the particular moment.
Traders' sentiment
Traders at SWFX market maintain mixed feelings regarding the EUR/AUD currency couple, since 48% of traders hold bullish positions and 52% of traders hold bearish positions. The orders are distributed in a very similar manner, as 51% of traders ordered to buy and 49% ordered to sell the single European currency.