EURUSD Price Action – Pin Bar Off Role Reversal Level | Feb 4

EURUSD – Short Squeeze Over? (4hr chart)
After the Euro pairs had a nice short squeeze yesterday, the pair formed a pin bar off a role reversal level, hovered for a bit, then sold off aggressively to close the days on the lows.

I’m expecting offers to come back in on any pullbacks into the role reversal level around 1.1535 for another attack on 1.13 and perhaps 1.11. Only a daily close above that level negates the bear trend MT.


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I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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