EURAUD approaching strong resistance when a reversal might occur
EURAUD is approaching its resistance at 1.5810 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where price could potentially reverse and drop to its 1st support at 1.5615 (L T 61.8% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, multiple swing low support). If it breaks past this level, it could fall to its 2nd support area at 1.5497 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) shows a strong resistance at 98.6% where a corresponding reaction could occur.
Stochastic (55, 5, 3) shows a strong resistance at 98.6% where a corresponding reaction 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.