EURAUD is approaching our first support level at 1.5914 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.5967 (50% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
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