EURAUD Testing Resistance, Potential Drop!
EURAUD reversed nicely off its resistance at 1.5731 (50% Fibonacci retracement x2, horizontal swing high resistance) where it could drop to its support at 1.5550 (61.8% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
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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.