Wednesday, April 4, 2012

Forex - Merrill Lynch Trading Recommendations on EUR/AUD

Forex - Merrill Lynch Trading Recommendations on EUR/AUD

Strategists at Bank of America Merrill Lynch recommend going short on the euroversus the Aussie, entering the trade at the current levels with a stop at 1.3050 and a medium-term target of 1.2200. Analysts believe the Australian dollar is a profitable bet these days: copper prices are rising, and Australia is the major copper exporter. Read more