EURAUD approaches 1st resistance, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Prices are expected to surpass this level and increase towards 2nd resistance, in line with -61.8% Fibonacci retracement and 161.8% Fibonacci extension. Alternatively, prices may reverse off the 1st resistance, and take support at 1st support, in line horizontal pullback support, 61.8% Fibonacci extension and 31.8% Fibonacci retracement. EMA is holding below our prices.
