EURAUD: Draghi as Italy's PM? Speculative longs in play
Hello,
in the coming days the market will probably focus on Draghi and his possible PM position in Italy.
Theoretically, it has a chance to be positively received by the market (at least in the short term).
The single currency vs the Australian has a chance to return towards 1.60 and above.
Long on pullback to the region of 1.5650
Stop below 1.5575
Target 1: 1.6010
Target2: 1.6160
Target3: 1.6400
Good luck
in the coming days the market will probably focus on Draghi and his possible PM position in Italy.
Theoretically, it has a chance to be positively received by the market (at least in the short term).
The single currency vs the Australian has a chance to return towards 1.60 and above.
Long on pullback to the region of 1.5650
Stop below 1.5575
Target 1: 1.6010
Target2: 1.6160
Target3: 1.6400
Good luck