EURAUD Facing bullish pressure | 29 July 2021

EURAUD Facing bullish pressure | 29 July 2021 for FOREXCOM:EURAUD by FXCM

EURAUD Facing bullish pressure | 29 July 2021

Euro / Australian Dollar FOREXCOM:EURAUD

EURAUD holding above ascending trendline support. With technical indicators showing room for further bullish momentum, a push up above our entry at 1.60538 where we have moving average support and Fibonacci confluence zone, towards long term graphical swing high resistance at our target 1.61306 could be possible. Our take profit level also has both -27.2% and -61.8% Fibonacci retracement levels lining up as well

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