EURAUD is under pressure from its resistance in line with the 78.6% Fibonacci retracement and a test of this area could see a drop from here. The next support target highlighted will be at 1.57715, in line with the retracement levels. This area was also previously respected by prices as the support.
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On the H4 timeframe, prices are testing a key support level at 1.010 where we could see further upside. A throwback to support level 1.0180,
Dollar rallied in the early parts of July, before paring recent gains towards the end of the month as investors reassess Fed’s moves. Following a
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