EURAUD on strong support, watch for a potential bounce!

9 בינו׳ 2018

EURAUD is testing major support at 1.5244 (61.8% Fibonacci extension, 78.4% Fibonacci retracement, horizontal pullback support, bullish bat formation, bullish divergence) and a strong bounce could occur at this level to drive price up to at least 1.5432 resistance (Fibonacci retracement, horizontal swing high resistance).

RSI (34) sees strong bullish divergence vs price signaling that a bounce is potentially impending.

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