FXStreet (Barcelona) – Niall O’Connor, FX Strategist at JP Morgan, maintains a bullish outlook on EUR/AUD, targeting 1.48/1.49 levels.
Key Quotes
“We view the bullish shift and breakout through key levels for the EUR crosses as part of a deeper corrective phase. In this regard, we continue to hold a long EUR/AUD position following the extension above the 1.4350/1.4450 zone. However, we will look to exit this trade closer to the 1.48/1.49 resistance/target zone.”
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