| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The common European currency has depreciated about 0.86% in value against the Australian Dollar since November 21. The currency pair breached a significant support level at 1.6199 during last week's trading sessions.
As for the near future, the EUR/AUD exchange rate will most likely continue to trade south. The potential target for bearish traders would be near a support cluster formed by the combination of the monthly S1 and the weekly S2 near the 1.6058 zones.
Although, the weekly S1 at 1.6117 could provide support for the currency exchange rate in the shorter term future.