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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