EURAUD is approaching our first resistance at 1.5969 (horizontal pullback resistance, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5443 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1.5645 (horizontal overlap support, 50% Fibonacci retracement) and our short term ascending support line might provide the bearish acceleration to our major support target.
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
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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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.