EURAUD Held In A Bullish Channel!
EURAUD is held in a bullish channel where there could be a potential bounce off its support at 1.5637 (23.6% & 38.2% Fibonacci retracement, horizontal swing low support) to its resistance at 1.5807 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance).
Stochastic (21, 5, 3) has bounced off its intermediate support at 12.8% where a corresponding rise could occur. Ichimoku cloud also shows signs of bullish pressure which contributes to our bullish bias.
Stochastic (21, 5, 3) has bounced off its intermediate support at 12.8% where a corresponding rise could occur. Ichimoku cloud also shows signs of bullish pressure which contributes to our bullish bias.
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Disclaimer
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.