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laikos

EURAUD: Tightening EUR vs Holding AUD for LONG opportunity

Long
Euro / Australian Dollar (FX:EURAUD)  
laikos Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Beyond Technical Analysis EURAUD euraudlong
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trendanalysis beyondta euraud euraudlong
Fundamental:
ECB: Tightening Phase by reducing the QE to 30B EURO starting Jan 2018. Key economics targets are met
RBA: Holding current rate. Mixed market data mostly for AUS

Technical:
Price bounce of strong weekly support marching towards next weekly resistance
We ask for bargain at 38% retracement of the big candle.
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