rolledup
Long

EURAUD one more leg up towards 1.50

FX:EURAUD   Euro / Australian Dollar
28 5 1
Could history repeat itself? Greece headline could make or break everything here though.
if Greece, not "is Greece"... sorry
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Do you think that is Greece will stay in the UE, AUD$ will go down to 1.38/1.40 again?
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rolledup andrewcountry
I think the impact of a positive outcome would last 2 weeks at most. The impact of a negative outcome will have much more uncertainty, depending on how bad it is.
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With "positive outcome" you mean that AUD will go down to 1.38/1.4 compare to EUR?
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rolledup andrewcountry
My bearish projection going forwards comes from the fact that we are still in a corrective phase after the 2012-14 rally. The recent rally doesn't look like impulsive. This bias has nothing to do with the Greece drama.
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