EURAUD is now testing major support at 1.5335 onwards (Fibonacci retracement, horizontal overlap support, recent swing low support) and a strong bounce could occur as this level to push price up to at least 1.5112 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing major support above 2% and a corresponding bounce could occur at this level.

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Chart PatternsEURAUDeuraudanalysiseuraudbreakouteuraudbuyeuraudlongeuraudselleuraudshortForexforexsignalsHarmonic PatternsTrend Analysis

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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