EURAUD approaching its support, potential bounce!
EURAUD is approaching its support at 1.5832 (100% Fibonacci extension, 61.8% Fibonacci retracement x2, horizontal overlap support) where it could potentially bounce, causing price to rise to its resistance at 1.5986 (100% Fibonacci extension, 61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal swing high resistance). We have also identified another support at 1.5775 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its support at 1.2% where a corresponding bounce could occur.
Stochastic (89, 5, 3) is approaching its support at 1.2% where a corresponding bounce could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.