EURAUD testing its resistance, potential to drop further!
EURAUD has been testing its descending resistance line and resistance at 1.5992 (50% Fibonacci retracement). This could push price down to its support level at 1.5905 (50% Fibonacci retracement, multiple swing low support. If it breaks past this level, it could fall to its next support at 1.5878 (100% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is being held down by a corresponding descending resistance line which contributes to our bearish bias.
Stochastic (89, 5, 3) is being held down by a corresponding descending resistance line which contributes to our bearish bias.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.