ForexWeeklyAnalysis

Pending Long EUR/AUD in low to mid 1.50XX region

Long
FX:EURAUD   Euro / Australian Dollar
Given my view on EUR/USD long and AUD/USD short, the reasoning behind this trade should be self explanatory. If that wasn't enough, we also have the green box as support region. Considering this is a cross pair, you'll want to load less than your normal position size with a wider stop. Target would 1.55XX, even with a 100-150 pip stop loss, you're looking at 3:1 or 5:1 risk reward.
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