- EUR/AUD is currently trading around 1.4177 after making a low of 1.3910. Overall trend is bullish as long as support 1.4100 holds.
- Intraday trend reversal only below 1.4100. Break below will drag the pair further down till 1.4040/1.4000 in short term.
- Intraday resistance is around 1.4200 and any break above would extend gains till 1.4290/1.4350.
WE prefer to buy around 1.4160 with stop around 1.4095 for the target of 1.4290.
The material has been provided by InstaForex Company – www.instaforex.com