EURAUD on strong support, watch for a potential bounce!
EURAUD is testing major support at 1.5244 (61.8% Fibonacci extension, 78.4% Fibonacci retracement, horizontal pullback support, bullish bat formation, bullish divergence) and a strong bounce could occur at this level to drive price up to at least 1.5432 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) sees strong bullish divergence vs price signaling that a bounce is potentially impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (34) sees strong bullish divergence vs price signaling that a bounce is potentially impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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.
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.