EURAUD is seeing strong ascending support maintain our bullish momentum. We’re also seeing strong horizontal overlap support at 1.5799 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a bounce could occur at this level to push price back up to 1.5951 once again (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,5,3) is seeing strong support above 3.5% where a corresponding bounce could occur.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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