EURAUD approaching support, potential to bounce
EURAUD is approaching its support at 1.5615 (61.8% Fibonacci extension , 50% Fibonacci retracement , L T 23.6% Fibonacci retracement , multiple swing low support) where a reaction could occur and price could potentially rise to its 1st resistance at 1.5807 (50% Fibonacci retracement , horizontal overlap resistance) or if it breaks past this leave, it could rise to its 2nd resistance at 1.5997 (L T 61.8% Fibonacci extension , 100% Fibonacci extension , swing high resistance). We have identified a support area at 1.5497 (61.8% Fibonacci retracement ).
Stochastic (89, 5, 3) shows it approaching its major support at 1.418% and its 1st support at 9.11% where a corresponding bounce could occur.
Stochastic (89, 5, 3) shows it approaching its major support at 1.418% and its 1st support at 9.11% where a corresponding bounce could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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.
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.