EURUSD Intra-day Pin Bar Off Key Level | July 18th

EURUSD – Intraday Pin Bar + Daily One As Well
Today the Euro fired off both a daily pin bar off the dynamic 20ema support, and intraday key level. Even though we’ve had 4 bear days in 6, the two bull days were large bull bars, while every bear close was a rejection to the downside, suggesting intraday the buyers are willing to step in and push it higher.

daily pin bar chart euro price action

Also notice in the chart below the 1hr intra-day pin bar which then saw follow through buying that erased almost all the days losses. I’ll look for intra-day price action pullbacks towards 1.3072/80 area, targeting 1.3115 and a more sustained move towards 1.3145. A break below 1.3050 targets 1.3000/1.2975.

intraday pin bar signal price action euro

Make sure to check out my latest article onĀ Rule Based Systems vs. Discretionary Systems Pt. 1.

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