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FX.co ★ EURAUD holding above ascending trendline support! Further bounce incoming!

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Forex Analysis:::2021-07-02T09:15:17

EURAUD holding above ascending trendline support! Further bounce incoming!

EURAUD holding above ascending trendline support! Further bounce incoming!

EURAUD holding above ascending trendline support. With technical indicators showing room for further upside, a further push up above our 1st support at 1.58455 towards our 1st resistance at 1.59003 could be possible.

Trading Recommendation

Entry: 1.58455

Reason for Entry:

38.2% Fibonacci retracement, ascending trendline support

Take Profit: 1.59003

Reason for Take Profit:

-27.2% Fibonacci retracement

Stop Loss: 1.58213

Reason for Stop Loss:

78.6% Fibonacci retracement

Analyst InstaForex
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