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Supports: 1.1955; 1.1920; 1.1840
Outlook
Although RSI indicator shows neutral signal, the bullish correction, which occurred yesterday, managed to advance even further, and now the EUR/AUD currency couple is gradually approaching the upper Bollinger band at 1.2144, which will probably bring some bearish impetus. In case it is broken, then the price might reach the monthly R1 at 1.2177, which is very likely to change the direction of the current movement. On the other hand, present supports are at 1.1955, 1.1920 and 1.1840, and they seem to be safe for now.
Traders' sentiment
SWFX market participants are neutral regarding the EUR/AUD currency pair, since 51% of traders hold bullish positions and 49% of traders hold bearish positions. The distribution of orders, however, spots some bearish expectations, as only 38% of traders ordered to buy and 62% ordered to sell the single European currency.