Based on currency band pricing structure of the medium term exchange rate target zone by the target zone for exchange rate and the management of G-8 currencies, the EURUAD is projected to bullish to 1.9000 in medium term (almost similar to EURNZD).
The current bullish rate however is at slower rate until the AUDUSD to reach price adjustment estimated at 0.7300/0.7500 and the EURUSD to reach the 1.2000. At such, intraday and weekly long trade are more preferred.
Faster bullish rate will be seen after AUDUSD price adjustment and EURUSD to reach the 1.2000, and at such monthly long trade becomes more recommendable.
The current bullish rate however is at slower rate until the AUDUSD to reach price adjustment estimated at 0.7300/0.7500 and the EURUSD to reach the 1.2000. At such, intraday and weekly long trade are more preferred.
Faster bullish rate will be seen after AUDUSD price adjustment and EURUSD to reach the 1.2000, and at such monthly long trade becomes more recommendable.