ICmarkets

EURAUD Approaching Support, Potential Bounce!

Long
FX:EURAUD   Euro / Australian Dollar
EURAUD is approaching its support at 1.5651 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where price could rise to its resistance at 1.5773 (100% Fibonacci extension, horizontal pullback resistance).
Stochastic (55, 5, 3) bounced off its support at 4.8%.

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