EURAUD is now testing major support at 1.5335 onwards (Fibonacci retracement, horizontal overlap support, recent swing low support) and a strong bounce could occur as this level to push price up to at least 1.5112 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 2% and a corresponding bounce could occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing major support above 2% and a corresponding bounce could occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results