ZonN
Short

SHORT EUR/AUD

FX:EURAUD   Euro / Australian Dollar
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.


Comment: 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.
Comment: Targeting 1.6070, incoming guys.
Comment: Trade stopped, profit.
RBA will be dovish tomorrow.
Fundamentally, aud’s economy is really bad.
RBA will be dovish tomorrow.
Like the analysis. Most negative news is priced in at this point. Let’s see how the Trade war plays out
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