EURAUD approaching resistance, potential drop!

9 ก.ค. 2018

Price is approaching our first resistance at 1.5849 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.5654 (horizontal overlap support, 38.2% Fibonacci extension).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
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