Weekly Forex Price Action Outlook June 10th - 15th

pin bar setup price action trading 2ndskiesforex.com june 10th

As we wrote last week in our forex market commentary, expected price to go higher from the bullish engulfing bar setup off the yearly lows and higher the pair went.  Aided by a Spanish bank bailout announcement over the weekend, and the pair has gapped higher following a bullish pin bar setup from Friday.  The pair has cleared a major hurdle in the 1.2625 level and the daily 20ema, so short term, we expect it to run higher.   Keep in mind, this pair is so politically driven that any news out of Europe can somehow make people forget how bad things really are there.  Case in point, originally Spain only needed about €40M to help out their banks, and …

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