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

Verified Profitable Trader

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.

eurusd

Also in our members trade setups commentary today, we cover the USDCAD, GBPUSD, USDJPY, EURGBP, & WTI. Click here to become a member.

Want to learn how to trade support and resistance? Read our article The Best Support & Resistance Levels Part 1

Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.

Related Article