EURAUD Bullish Idea

5 Eki 2020

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.