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EURAUD Approaching Support, Potential Bounce

Long
Euro / Dollaro australiano (FX:EURAUD)  
ICmarkets Broker  
FX:EURAUD   Euro / Dollaro australiano
Trend Analysis Harmonic Patterns Chart Patterns EURAUD EUR aud jpy chf GBP CAD NZD USD
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trendanalysis harmonicpatterns chartpattern euraud eur aud jpy chf gbp cad nzd usd
EURAUD is approaching its support at 1.5873 (61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.6133 (38.2% Fibonacci retracement, horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 2% where a corresponding bounce could occur.
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