Euro Pin Bar Off Role Reversal Level | July 2nd
EURUSD – Sells Off From Intraday Pin Bar
As the Euro downtrend continues, the EURUSD formed a 4hr intraday pin bar off a key role reversal level in 1.3072 and sold off for the next 16hrs losing over 100 pips. The trend is still bearish, but liquidity is pulling out of the market, so moves may be more measured ahead of the July 4th US holiday. I’ll consider shorts on pullbacks towards 1.3060 targeting 1.2850 and 1.2775 which is the major support level for the year. Look to trim positions ahead of the holiday if you are in profit.
For those wanting to join the traders forum, lifetime membership & more, visit my Price Action Course page here.
Also make sure to check out my latest article 2 Tips for Summer Forex Trading
Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.
Want to Learn Price Action Strategies for Trading Forex?
Sign Up for our Monthly Newsletter and Get our FREE E-Book