EURAUD Approaching Resistance, Prepare For A Reversal
EURAUD is approaching its resistance at 1.5842(61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 1.5750 (horizontal swing low support,78.6% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding bounce could occur.
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