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EURAUD - Strong support level

Long
Euro / Australian Dollar (FX:EURAUD)  
Traders-Club Updated   
FX:EURAUD   Euro / Australian Dollar
Fibonacci Support and Resistance Trend Lines Forex euraudlong tradingstrategy forexsignal tradingtips Contains image
9
3
fibonacci supportandresistance trendline forex euraudlong tradingstrategy forexsignal tradingtips containsimage
EURAUD has reached significant support, which is the same as Fibonacci level 50-60, so I expect a bounce up to the descending trendline and if it breaks it could target higher resistance levels. If the support breaks, the nearest support level may be the target.

Daily chart:
snapshot

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