EURAUD bounced nicely off its support, remain bullish!
EURAUD bounced nicely off its support at 1.5780 (76.4% & 38.2 Fibonacci retracement, Elliot wave structure, horizontal overlap support) where it could potentially fall back to its support before rising to its resistance at 1.5899 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 1.5847 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 3.4% where it could make a corresponding bounce.
Stochastic (89, 5, 3) is approaching its support at 3.4% where it could make a corresponding bounce.
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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.