Main Quotes Calendar Forum
flag

FX.co ★ EUR/AUD Approaching Support, Prepare For A Bounce

parent
Forex Analysis:::2018-04-11T02:40:11

EUR/AUD Approaching Support, Prepare For A Bounce

EUR/AUD is approaching its support area at 1.5879 (61.8% Fibonacci extension, 100% Fibonacci extension, horizontal swing low support) where we expect to see a bounce, pushing the price up all the way to its resistance at 1.5976 (50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 5.49% where we expect to see a corresponding bounce. A bullish divergence in price has also been identified which contributes to our bullish bias.

Buy above 1.5879. Stop loss at 1.5839. Take profit at 1.5976.

EUR/AUD Approaching Support, Prepare For A Bounce

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...