FX.co ★ Daily Video Analysis: EURAUD holding above ascending trendline support! Bounce incoming!

Today we take a look at EURAUD . Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

EURAUD holding above ascending trendline support. With technical indicators showing room for further upside momentum, a short term push up above our 1st support at 1.60714 towards our 1st resistance at 1.61306 could be possible.