EUR/AUD is testing its resistance at 1.5998 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5825 (61.8% Fibonacci retracement, horizontal overlap support) is expected.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is expected.
EUR/AUD is testing its resistance where we expect to see a reversal.
Sell below 1.5998. Stop loss at 1.6136. Take profit at 1.5825.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/AUD is testing its resistance at 1.5998 (61.8% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5825 (61.8% Fibonacci retracement, horizontal overlap support) is expected.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop is expected.
EUR/AUD is testing its resistance where we expect to see a reversal.
Sell below 1.5998. Stop loss at 1.6136. Take profit at 1.5825.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: