ICmarkets

EURAUD Approaching Support, Potential Bounce!

Long
FX:EURAUD   Euro / Australian Dollar
EURAUD is approaching its support at 1.5892 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5989 (61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 4.5% where a corresponding bounce could occur.

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