Ali Farhad Posted March 3, 2020 Share Posted March 3, 2020 I believe EURAUD looks good to sell, long term. Any one else thing the same? Quote Link to comment Share on other sites More sharing options...
0 Sam Farrah Posted March 4, 2020 Share Posted March 4, 2020 We have seen the pair pull back somewhat since the massive rise up recently. And I do think the market needs to pull back a little. However, the euro is now seen as a funding currency and being used as a risk off trade. I.e. when there is risk in the market then the euro will rise. Much like the Japanese yen. And because of this I believe that although we will see a pull back, we will see a continued move higher in the long term. One of the reasons why is because I see a sustained risk in the markets from the virus and I am questioning the feds decision to cut rates by 50bps which suggests a bigger risk to markets than just the virus. So long term I see a move higher but short term we may see a pull back. Quote Link to comment Share on other sites More sharing options...
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Ali Farhad
I believe EURAUD looks good to sell, long term. Any one else thing the same?
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