EURAUD approaching support, potential bounce!
EURAUD is approaching our first support at 1.5880 (horizontal pullback support, 61.8% fibonacci extension, 50% fibonacci retracement, ascending channel’s support) where a strong bounce might occur pushing price up to our major resistance at 1.6183 (horizontal pullback resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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