EURAUD BUY POSITION

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MARKET OUTLOOK
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EUR - BULLISH
1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies.
2️⃣ German Business Climate came in on the strong side in July.
3️⃣ German Q2 GDP should be better due to spending recoveries.

AUD - BEARISH
1️⃣ Australia added a near record 532 cases on Monday, with the president of the Victorian branch of the Australian Medical Association Julian Rait calling stage-four lockdown restrictions.
2️⃣ Dropped in consumer inflation expectations in Q2 will affect Australia's CPI data tomorrow.

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TECHNICAL
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📊 We buy #EURAUD on SMA50 area.
📊 EURAUD in bullish zone.

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MONEY MANAGEMENT
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💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.