EURAUD facing bullish pressure | 21th July 2021

EURAUD facing bullish pressure | 21th July 2021 for FX:EURAUD by FXCM

EURAUD facing bullish pressure | 21th July 2021



EURAUD approaches resistance at 1.61218, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension . Prices are expected to surpass this level and increase towards take profit, in line with -61.8% Fibonacci retracement and 161.8% Fibonacci extension . Alternatively, prices may reverse off and take support at stop loss, in line horizontal pullback support, 61.8% Fibonacci extension , and 31.8% Fibonacci retracement . EMA is holding below our prices.

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