MonsunAsia
Long

EURAUD - BULLISH BIAS

FX:EURAUD   Euro / Australian Dollar
EUR - BULLISH
1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies.
2️⃣ The IHS Markit Eurozone Manufacturing PMI was revised higher to 51.8 in July 2020.

AUD - BEARISH
1️⃣ Consumer prices in Australia declined by 0.3% year-on-year in Q2 2020. This was the first drop in consumer prices since Q3 1997.
2️⃣ All major economic data RBA is negative.
3️⃣ Australia reported a near record 641 cases on Sunday as Victorian Premier Daniel Andrews announced a state of disaster and introduced a nightly curfew.
4️⃣ White House coronavirus experts said that The United States has entered a new phase of the outbreak with infections “extraordinarily widespread” in rural areas as well as cities.

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TECHNICAL
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📊 We looking to long EURAUD on RBS level + SMA50 area.
📊 EURAUD in bullish zone.
Trade closed: target reached
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Comments

like your analysis started following you thanks for sharing
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