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Hello traders and good to be with you today. We had some data in Asia today as the RNZD lowered interest rates .25 BTS. The markets did respond however looks like all the gains are coming back. Today we look at the EURAUD pairs as my bias is bearish. The chart looks great as price has pulled back and now sitting just below resistance at the 200 ema. I would like to enter this sell trade at the price level of 1.4525. I am looking to take profit for this trade at the price level of1.4428 as marked on the chart the support zone.

Thank you traders and we will talk soon…..William

FX Instructor Forex Blog – For Traders, By Traders

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