Tickmill
Short

EURAUD testing major resistance, watch for a potential drop!

FX:EURAUD   Euro / Australischer Dollar
EURAUD             is testing major resistance at 1.5410 ( Fibonacci retracement , horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 1.5272 support ( Fibonacci extension , horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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This analysis is provided as general market commentary and does not constitute investment advice.
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