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EURAUD approaching resistance, potential drop!

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Euro / Australiensisk dollar (FX:EURAUD)  
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FX:EURAUD   Euro / Australiensisk dollar
Trend Analysis Harmonic Patterns Chart Patterns EURAUD EUR aud euruadlong euraudshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern euraud eur aud euruadlong euraudshort forex forextrading forexsignals
EURAUD is approaching its resistance at 1.5623 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to fall to its support at 1.5458 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support)
Stochastic (55, 5, 3) is approaching resistance where we might see a corresponding drop in price should it react off this level.
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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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