EURAUD bounced nicely off its support, potential to rise further
EURAUD bounced nicely off its support at 1.5651 (Horizontal swing low support) and has the potential to rise to its 1st resistance at 1.5810 (100% Fibonacci extension , 61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance). If it breaks past this level it could potentially rise to its 2nd resistance at 1.5979 (L T 61.8% Fibonacci extension , 100% Fibonacci extension , swing high resistance).
Stochastic (34, 5, 3) shows a lot of upward potential.
Stochastic (34, 5, 3) shows a lot of upward potential.
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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.