Klimex

EURAUD Approaching Resistance, Prepare For A Reversal

Short
FX:EURAUD   Euro / Australian Dollar



EURAUD is approaching its resistance at 1.5842(61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 1.5750 (horizontal swing low support,78.6% Fibonacci retracement ).

Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out