EUR/AUD H4 | Pullback support at 38.2% Fibonacci retracementEUR/AUD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.7237 which is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 1.7155 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement.
Take profit is at 1.7417 which is a swing-high resistance.
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Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
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Losses can exceed deposits.
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