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EURAUD testing major support, could be seeing a bounce!

Long
Euro / Australian Dollar (FX:EURAUD)  
Tickmill Broker  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURAUD EUR aud euraudshort euraudlong euraudanalysis euraudsell euraudbuy euraudbreakout
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trendanalysis harmonicpatterns chartpattern euraud eur aud euraudshort euraudlong euraudanalysis euraudsell euraudbuy euraudbreakout

EURAUD is now testing major support at 1.5267 (Fibonacci retracement, horizontal swing low support, pullback to descending support) and a bounce could occur at this level to push price up to at least 1.5354 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (55,5,3) is seeing major support above 2.8% and a corresponding bounce could occur at this level.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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