EURAUD approaching resistance, potential drop!

18 มิ.ย. 2018

EURAUD is approaching our first resistance at 1.5693 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5279 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure).
RSI (55) is also seeing approaching our major resistance and a reaction off this level might see a corresponding drop in price.
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