EUR/AUD Approaching Resistance, Prepare For A Reversal
December 10, 2018 9:21 am
EUR/AUD is approaching its resistance at 1.5979 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.5745 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
EUR/AUD is approaching its resistance where we expect to see a reversal.
Sell below 1.5979. Stop loss 1.6144. Take profit at 1.5745.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/AUD is approaching its resistance at 1.5979 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.5745 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
EUR/AUD is approaching its resistance where we expect to see a reversal.
Sell below 1.5979. Stop loss 1.6144. Take profit at 1.5745.
The material has been provided by InstaForex Company – www.instaforex.com
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