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Supports; 1.1955; 1.1914; 1.1828
Outlook
The uptrend, which started on August 26th, managed to continue, and today the EUR/AUD currency couple has already made a significant move upwards, and now the price confronts the weekly R1 at 1.2135, which might bring some bearish impetus. If it is breached, then next resistance at 1.2199 (upper Bollinger band) is very likely to reverse the direction of the prevailing movement. In addition, RSI indicator has finally reached the over-bought area and shows sell signal, therefore this might support the probable trend reversal in the nearest future.
Traders' sentiment
SWFX market participants retain mixed feeling about the EUR/AUD currency pair, as 49% of traders hold bullish positions and 51% of traders hold bearish positions. The orders are distributed in a similar way, since 45% of traders ordered to buy and 55% ordered to sell the Euro.