Klimex

EURAUD Approaching Support, Prepare For A Bounce

Long
FX:EURAUD   Euro / Australian Dollar
EURAUD is approaching its support at 1.5906(horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement) where it could potentially bounce to its resistance at 1.6048 (50% Fibonacci retracement).

Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.

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