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EURAUD testing major support, potential for a bounce!

Panjang
Euro / Dolar Australia (FX:EURAUD)  
ICmarkets Broker  
FX:EURAUD   Euro / Dolar Australia
Trend Analysis Harmonic Patterns Chart Patterns EURAUD EUR aud euraudlong euraudshort Forex forexsignals BTCUSD Bitcoin (Cryptocurrency)
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trendanalysis harmonicpatterns chartpattern euraud eur aud euraudlong euraudshort forex forexsignals btcusd bitcoin
EURAUD testing support at 1.5795 (100% Fibonacci extension , 50% Fibonacci retracement , L T 23.6% Fibonacci retracement , horizontal overlap support) and could potentially rise to its resistance area between 1.5948 and 1.5978 (61.8% Fibonacci extension , swing high resistance). We have also identified another support at 1.5718 (76.4% Fibonacci retracement , horizontal swing low support).

Stochastic (89,5, 3) shows a corresponding bounce off its support at 4.58% where it has a lot of upside potential.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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