Currency pair EUR/AUD is trading at 1.5687. Quotes of the pair are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for the EUR/AUD. At the moment, quotes of the pair move near the middle border of the bands of the indicator Bollinger Bands. A test of the level of 1.5630 is expected, where again one should expect an attempt to continue growth and further develop the upward trend for the EUR/AUD pair near the level of 1.5870.
EUR/AUD forecast Euro Australian Dollar on February 13, 2018
The conservative area for EUR/AUD buying is near the lower border of the Bollinger Bands indicator strip at 1.5625. The cancellation of the continuation of the EUR/AUD pair growth will be the breakdown of the lower bound of the Bollinger Bands indicator bands, as well as the moving average with the level of 55 and the closing of the pair quotes below the area of 1.5540, which indicates a change in the trend for the bearish for EUR/AUD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
