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Klimex
Jan 17, 2019 3:57 AM

EURAUD Bounced Off Support, Potential For A Further Rise Long

Euro Fx/Australian DollarFXCM

Description

EURAUD bounced off its support at 1.5789 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise further to its resistance at 1.5967 (23.6% Fibonacci retracement, horizontal swing high resistance).

Stochastic (55, 5, 3) bounced off its support at 1.1% where a further rise could occur.
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