EURAUD BIAS FOR THE WEEK 26/7

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EURAUD BIAS FOR THE WEEK 26/7


EURAUD daily candle is currently having a buy pressure, the buy pressure is advancing from a Market structure of an uptrend with Higher Highs and Higher lows, I expect the bullish pressure to hit the resistance 1.6130, where we may experience a minor pullback or perhaps a break out to hit a next resistance 1.62618. If your focus would be to trade in the direction of uptrend, in my opinion I would expect a pullback towards 1.59806 where the bulls may gain momentum.


My overall Bias for this pair in coming days would be majorly Bullish. What is your opinion?


 

Disclaimer: What I have shared above is not a financial or investment advice, it’s an opinion that could be helpful for educational purposes only, whatever trading decision you make is at your own risk.   

风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

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