EURAUD facing bearish pressure | 11th June 2021

EURAUD facing bearish pressure | 11th June 2021 for FX:EURAUD by FXCM

EURAUD facing bearish pressure | 11th June 2021



Price is facing bearish pressure as it continues to hold below the Ichimoku cloud and descending trendline resistances. We could see a further drop below Pivot , in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension , towards 1st Support, in line with 61.8% Fibonacci extension and horizontal swing low support.

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