The EURAUD pair tests the support – Analysis – 22-7-2019

The EURAUD pair succeeded to test the bullish channel’s support line recently at 1.5913, to form solid barrier against the negative attempts, while the stability of this support will confirm the attempt to renew forming bullish trades, expecting to target towards 1.6080 followed by attempting to reach 1.6190 as a next station.

We should note that attempting to crawl below the current support and providing negative close will confirm moving into new negative track, to start suffering many losses by reaching 1.5690 followed by 1.5530 levels.

The expected trading range for today is between 1.5915 and 1.6080

The expected trend for today: Bullish