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EURAUD approaching support, potential for big bounce!

Long
Euro / Australian Dollar (FX:EURAUD)  
easyMarkets Broker  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURAUD EUR aud euraudlong euraudshort Forex forextraidng
48
0
trendanalysis harmonicpatterns chartpattern euraud eur aud euraudlong euraudshort forex forextraidng
Price is approaching our first support (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur to our first resistance (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also approaching support.
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