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Wednesday, July 23, 2014

Forex Price Action Trading Signal

5:37 PM
The EUR/AUD has formed a bearish  Engulfing Bar on tha daily price action chart.This Bearish  Engulfing Bar is down at tha low and in line with tha strong down trend that has been in play in recent months.Whilst this bearish  Engulfing Bar is not up at a swing high like a strong reversal signal,it still could be hinting at a possible continuation lower into tha next near term support level if price can break lower.

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