ANZ suggests EUR/AUD long with ECB set to move towards tightening policy - ConsultFX

ANZ suggests EUR/AUD long with ECB set to move towards tightening policy

Based on a note by analysts Daniel Been and Giulia Specchia I like the trade idea, but personally I wouldn't agree on those levels mentioned. Right now, the pair is running into resistance at the 200-day MA (blue line) and further up there is the 1 June high @ 1.5531. I'd rather get further bullish confirmation