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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/AUD testing support, potential bounce

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Trading Recommendation

Entry: 1.62946

Reason for Entry: horizontal overlap support and 38.2% fibonacci retracement

Take Profit: 1.64748

Reason for Take Profit: Horizontal overlap resistance, 61.8% fibonacci retracement

Stop Loss: 1.62171

Reason for Take Profit: horizontal swing low support, 61.8% fibonacci retracement

The material has been provided by InstaForex Company - www.instaforex.com