BK Big Trade – New EUR/AUD Orders – CANCELED

EUR/AUD

Place Order to BUY 1 Lot EUR/AUD at 1.4915

Place Order to BUY 1 More at 1.4720

Stop for ALL at 1.4550

With Greece reaching a deal with its creditors, one of the most important existential risks facing the euro is behind us. We believe that the euro should bounce as result as the positive implications of a weaker currency, lower commodity prices and QE start to impact the economy. We like buying euros against the Australian dollar because of the threat that low commodity prices and slower growth in China poses to the long term outlook of Australia’s economy.

Swing

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