EURAUD testing its resistance, potential reversal!
EURAUD is testing its resistance area at 1.5997 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, 50% Fibonacci retracement) where potential reversal may occur, causing price to drop to its support at 1.5923 (61.8% Fibonacci extension, 50% Fibonacci retracement). We have also identified another resistance at 1.6036 (100% Fibonacci extension).
Stochastic (89, 5, 3) is approaching its resistance at 95% where we expect to see a corresponding reversal.
Stochastic (89, 5, 3) is approaching its resistance at 95% where we expect to see a corresponding reversal.
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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.