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Supports: 1.1955; 1.1908; 1.1847
Outlook
The uptrend, which started on August 26th, has ended, and now a bearish reaction takes place. As for now, the EUR/AUD currency couple is very slowly moving towards the weekly PP at 1.1955, which is expected to reverse the prevailing movement downwards, however, if it is broken, the next resistance at 1.1908 (55-day SMA) will probably bring some bullish impulse. Additionally, RSI indicator went out of the over-bought area and now shows neutral signal, and present resistances are at 1.2135, 1.2177 and 1.2238, and they seem to be secure for now.
Traders' sentiment
Traders at SWFX market maintain mixed feelings about the EUR/AUD currency couple, as 47% of traders hold bullish positions and 53% of traders hold bearish positions. In contrast, the distribution of orders clearly spots some bearish trend expectations, as 68% of traders ordered to sell and only 32% ordered to buy the Euro.