EURAUD testing major support, could be seeing a bounce!

Panjang

Euro / Dolar Australia (FX:EURAUD)

FX:EURAUD Euro / Dolar Australia

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EURAUD is now testing major support at 1.5267 (Fibonacci retracement, horizontal swing low support, pullback to descending support) and a bounce could occur at this level to push price up to at least 1.5354 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (55,5,3) is seeing major support above 2.8% and a corresponding bounce could occur at this level.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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