FXCM

EURAUD facing bullish pressure | 22nd July 2021

Long
FX:EURAUD   Euro / Australian Dollar
EURAUD is above approaching buy entry, in line with 100% Fibonacci extension . Prices are expected to rally towards take profit, in line with 161.8% Fibonacci retracement and 61.8% Fibonacci extension . Alternatively, prices may fall to take support at stop loss, in line horizontal pullback support, and 50% Fibonacci retracement . EMA is holding below our prices and MACD is above the 0 line.

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