EURAUD Reversed Off Resistance, Potential For Further Drop

٢٣ أغسطس ٢٠١٨

EURAUD approaching its resistance at 1.5891 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 1.5730 (50% Fibonacci retracement).
Stochastic (89, 5, 3) reversed off its resistance at 99% where a corresponding drop could occur.