Euruadlong
EURAUD approaching support, potential bounce!EURAUD is approaching our first support at 1.5880 (horizontal pullback support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 1.6183 (horizontal pullback resistance, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD approaching resistance, potential drop!EURAUD is approaching our first resistance at 1.6358 (horizontal swing high resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.5960 (50% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD - MORE UPSIDE COMING FOR THIS PAIRI AM EXPECTING EURAUD - MORE UPSIDE COMING FOR THIS PAIR
LIKE, FOLLOW AND COMMENT
EURAUD approaching resistance, potential drop!EURAUD is approaching our first resistance at 1.6265 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.5715 (horizontal overlap support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line).
Stochastic (55,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD approaching resistance, potential drop! EURAUD broke out of our short term ascending support-turned-resistance line and is approaching our first resistance at 1.5849 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.5440 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension).
RSI (34) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD approaching resistance, potential drop! Price is approaching our first resistance at 1.5958 (horizontal overlap resistance, 76.4%, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.5618 (horizontal overlap support, 50% Fibonacci retracement).
RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD approaching resistance, potential drop! EURAUD is approaching our first resistance at 1.5777 (horizontal overlap resistance, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5454 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bearish divergence and is approaching our resistance where a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD approaching resistance, potential drop! EURAUD is approaching its resistance at 1.5623 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to fall to its support at 1.5458 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support)
Stochastic (55, 5, 3) is approaching resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD approaching support, potential rise! EURAUD is approaching our first support at 1.5794 (horizontal swing low support, 38.2% Fiboancci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.5964 (horizontal overlap resistance, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our major support where a bounce off this level might be a good precursor for a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
