Hello Price Action Traders.
The EUR/AUD found support at the 1.3800 level last week then rebounded and recovered breaking above 1.42100. Today the pair has formed a Pin Bar that rejects the 1.4400 mark after six consecutive bull candles. In addition, the 200 SMA has a bearish slope. A breakdown below the pin’s low might be an opportunity for a sell. Keep in mind, however, that there will be the Reserve Bank of Australia (RBA) Monetary Policy Meeting Minutes in the next hours.
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