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FX.co ★ EUR/AUD Approaching Resistance, Prepare For A Reversal

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Forex Analysis:::2019-02-19T07:39:53

EUR/AUD Approaching Resistance, Prepare For A Reversal

EUR/AUD is approaching its resistance at 1.5925 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.5856 (61.8% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

EUR/AUD is approaching its resistance where we expect to see a reversal.

Sell below 1.5925. Stop loss 1.5969. Take profit at 1.5856.

EUR/AUD Approaching Resistance, Prepare For A Reversal

Analyst InstaForex
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