© Dukascopy Bank SA
Supports: 1.1955; 1.1904; 1.1866
Outlook
Yesterday's bearish reaction failed to continue, and today another movement upwards takes place. As for now, the EUR/AUD currency couple slowly advances towards the monthly R1 at 1.2177, which might bring some bearish momentum, however, if it is broken, the the price might reach the weekly R2 at 1.2250, which is likely to change the direction of the current trend. In addition, RSI indicator entered the over-bought area, therefore this might support the potential reversal in the prevailing tendency.
Traders' sentiment
Traders at SWFX market maintain neutral position regarding the EUR/AUD currency couple, as 49% of traders hold long positions and 51% of traders hold short positions. The orders are distributed completely neutrally, since exactly 50% of traders ordered to buy and 50% ordered to sell the single European currency.