I will play this for a long position!!!
BUY 2.000M EUR/AUD @ 1.53998, SL 1.52948 (105 pips),TP 1.55048 (105 pips)
Analysis details:
- Long term charts (weekly, daily and four hours) are indicating strong uptrend.
- Since last week, broad based AUD weakness continues to observed across the board.
- Australia treasurer Joe Hockey said Australia has challenges ahead and faces a growth hole as mining investment drops,
goverment GDP forecasts will not be achieved and that GDP growth is not strong…