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EURAUD Testing Its Support, Prepare For A Bounce!

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Euro / Dolar Australia (FX:EURAUD)  
theforexarmy  
FX:EURAUD   Euro / Dolar Australia
Trend Analysis Harmonic Patterns Chart Patterns EURAUD EUR aud euraudlong Forex forexsignals Bitcoin (Cryptocurrency) bitcoinforecast
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trendanalysis harmonicpatterns chartpattern euraud eur aud euraudlong forex forexsignals bitcoin bitcoinforecast
Buy above 1.5883. Stop loss at 1.5850. Take profit at 1.5964.
Reason for the trading strategy (technically):
EURAUD is testing its support at 1.5883 (61.8% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap support) where we expect to see price rising to its resistance at 1.5964 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching support at 4.59% where a corresponding bounce is expected.
Penafian

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