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EURAUD testing its ascending support line, potential to rise!
EURAUD bounced nicely off its 1st support at 1.6056 (38.2% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap support, ascending support line) where it could potentially rise further to its 1st resistance (horizontal swing high resistance) We have also identified another support at 1.5980 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, 38.2% Fibonacci retracement).
Stochastic (55, 5, 3) bounced off its support at 11.6% where a corresponding rise could occur.
Stochastic (55, 5, 3) bounced off its support at 11.6% where a corresponding rise could occur.
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