EURAUD Bullish Idea
The pair might attempt to go higher.
- From last week's CFTC COT Report shows that EURO FX futures remain largely bullish with 187k net positions while AUD futures saw close to 3k long positions being closed - Net positions are at 6.7k.
- From a technical perspective, price is currently at the 0.5 Fibonacci level. Price action on the lower timeframes indicate that price might reject the level upwards.
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