Forex Price Action Setups (NY Close) May 7th

daily pin bar forex price action trading may 7th

EuroZone Elections Cast Dark Shadow on Recovery
Elections in Greece and France mark the next two European countries to lose the controlling parties and heads of state that were apart of the bailouts all suggesting the political support and will towards the austerity plans along with the bailouts just isn’t there. ¬†This only renewed the fears about the shakiness in the EZ and exacerbated worries the zone might not hold.

The main driver was the Greek elections with the main parties failing which is now creating doubt they will maintain their membership in the program, either by a) leaving on their own will or b) not keeping the agreements of the bailout.

At the current rate, Greece will run out …

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