EURAUD approaching resistance, potential reversal!
EURAUD is approaching its resistance at 1.5623 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to fall to its support at 1.5444 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support)
Stochastic (55, 5, 3) is approaching resistance at 95% where a corresponding reaction could occur.
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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.