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EURAUD approaching support, potential bounce!

Long
Euro / Australian Dollar (FX:EURAUD)  
easyMarkets Broker  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURAUD EUR aud euraudlong euraudshort Forex forextrading forexsignals
61
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trendanalysis harmonicpatterns chartpattern euraud eur aud euraudlong euraudshort forex forextrading forexsignals
EURAUD is approaching our first support at 1.5880 (horizontal pullback support, 61.8% fibonacci extension, 50% fibonacci retracement, ascending channel’s support) where a strong bounce might occur pushing price up to our major resistance at 1.6183 (horizontal pullback resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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