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Tickmill
3 Jan 2018 pukul 02.40

EURAUD testing channel resistance! Singkat

Euro Fx/Australian DollarFXCM

Huraian

Price is testing major descending resistance at 1.5419 (bearish channel resistance, horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong drop could possibly occur at this level to push price down towards 1.5285 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 1.5478 (78.6% Fibonacci retracement, horizontal break out resistance level).

Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding drop could occur.

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