SHORT EUR/AUD

Fundementals: Don't think there will be a second rate cut in the coming month till july.
Projections: Rate cut for RBA
July/August 2019 1.25 -> 1.00
Feb/March 2020 1.00 -> 0.75

Recent news: Trump might sanction germany, brexit turmoil and trade war.
Hoping for a resolved conflict from a USCHN trade war during the G20 Summit.
In the past 3 years price has been capped around this area, any upside sellers tend to push it down.

Weakness in AUD is temporary due to prolonged trade war.
I favour Short EUR/AUD over EUR/NZD.

تعليق:

Ideals Short range:
1.6360-1.6400

Target 1: 1.6070
Target 2: 1.5700

It will be wise as the swaps rates for this pair is positive. Think of it as a Long term investment.

تعليق:

Targeting 1.6070, incoming guys.

تعليق:

Trade stopped, profit.
RBA will be dovish tomorrow.
Fundamentally, aud’s economy is really bad.
RBA will be dovish tomorrow.