EURAUD bullish continuation | 6th Dec 2021

Price is abiding to the ascending trendline support, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with horizontal swing highs. Our bullish bias is further supported by the stochastic indicator where the %K line is abiding to the ascending trendline support.


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