Euro / Australian Dollar
Short

EURAUD Reversed Off Resistance, Potential Further Drop

2 549
EURAUD reversed off its resistance at 1.5971 (100% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 1.5896 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop may occur.

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