CHILLFOREX

Awaiting a Buy opportunity on EUR AUD

FX:EURAUD   Euro / Australian Dollar
I have a significant level of support around the 1.5080 with the 200 day moving average closing in also, this will give us additional support when looking on a long term buy opportunity.
With the EUR looking at reducing QE further this year and they have potential for an interest rate hike before the RBA, it should caused further EUR longs to be priced in, also when the political situation in Germany is finalised then it could cause a continuation in the long sustained EURO Rally.
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