EURAUD Distribution + Rate Cut
The ECB are due for a rate cut this week (expectations are certain). The RBA will likely be the last bank to cut rates.
Technically on the HTF EA is distribution, and in current time. Will be looking in this region for confirmation for shorts, will expect the Euro to strengthen before the cuts toward this selling zone.
Best pricing area for shorts.
Technically on the HTF EA is distribution, and in current time. Will be looking in this region for confirmation for shorts, will expect the Euro to strengthen before the cuts toward this selling zone.
Best pricing area for shorts.
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