We can see that EUR/AUD is right on the major support now. It has formed a double bottom and is right on 'neckline' support. It's right on channel support, moving average support and fibonacci support (38% retracement). Along with that, it is also on stochastics (34) supports. We look to see a strong bounce from here to at least 1.5585
Trading recommendations:
Buy now
Stop loss at 1.5585
Take profit at 1.4890
