© Dukascopy Bank SA
© Dukascopy Bank SA
Supports: 1.2164; 1.2088; 1.1989
Outlook
Today the EUR/AUD currency pair experiences a small bearish reaction, and now the price is gradually approaching the weekly PP at 1.2164, which will probably bring some bullish impetus. If it fails to stop the movement downwards, then next support at 1.2088 (weekly S1) is very likely to change the direction of the prevailing tendency. In addition, RSI indicator shows a strong sell signal, therefore a soon trend reversal could be expected. On the other hand, current resistances are at 1.2317, 1.2389 and 1.2424, and they seem to be safe for now.
Traders' sentiment
Traders at SWFX market are neutral about the EUR/AUD currency couple, as 54% of traders hold long positions and 46% of traders hold short positions. The situation with orders is exactly the same, since 54% of traders ordered to buy and 46% ordered to sell the Euro.