EURAUD potential for bounce| 18th June 2021

EURAUD potential for bounce| 18th June 2021 for FX:EURAUD by FXCM

EURAUD potential for bounce| 18th June 2021



EURAUD is currently at our buy entry level which is in line with horizontal pullback support in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension . Prices might push up towards -27.2% Fibonacci retracement and 127.2% Fibonacci retracement Fibonacci confluence zone. If prices push past buy entry, prices might take support from horizontal swing low support in line with 127.2% Fibonacci retracement . EMA is below prices, showing a bullish pressure for prices.

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