EUR/AUD Approaching Support, Prepare For Bounce
EUR/AUD is approaching its support at 1.5897 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.5977 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is nearing its support at 3.2% where a corresponding bounce could occur. EUR/AUD is approaching its support where we expect to see a bounce.
Buy above 1.5... Read More...
Jeff Wecker