EURAUD Technical Analysis 20-Jul-2018

As we can see the price is above 61.8 fib level and there is a weekly resistance that makes it a confluence level which a selling point, and it also represents lower high which is crucial for price action traders. We can wait and seek for the selling signal on a smaller time frame.

Investors and traders are advised to make sure about their risk appetite and tolerance as the market may take any position against your hard earn capital. There is no guarantee or certainty in any of the analysis.