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.
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