Bank of America Merrill Lynch selling EUR / AUD

Market news

10 August 2016

Bank of America Merrill Lynch selling EUR / AUD

Bank of America Merrill Lynch announced its willingness to sell the pair EUR / AUD. Bank's analysts expect the break of the 200-week moving averagage at 1.4436. After that, the investment bank expect a decline to $ 1.4087, $ 1.3740 and $ 1.35. They sold at $ 1.4470 with the target at $ 1.3740 and a protective stop at $ 1.4802.

Comments from Bank of America Merrill Lynch via Dow Jones Newswires.

EUR / USD rose sharply, updating the August 5 highs, on the background of a weakening US dollar in low market activity associated with the period of the summer holidays. Now the pair is trading at $ 1.1178

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