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EURAUD Testing Resistance, Potential Reversal!

Short
Euro / Australian Dollar (FX:EURAUD)  
ICmarkets Broker  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURAUD EUR aud euradushort Forex forexsignals
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trendanalysis harmonicpatterns chartpattern euraud eur aud euradushort forex forexsignals
EURAUD is testing its resistance at 1.5818 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) price could potentially react off, causing price to fall to its support at 1.5672 (38.2% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 1.5748 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching resistance at 96% where a corresponding reversal could occur.
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