EURUSD PRICE ACTION SIGNAL

Hello Price Action Traders.

EUR/USD

After the retest of the 1.35 area, the EUR/USD rose to its 200 SMA regaining more than one figure. On Thursday the Euro continued its climb boosted by an accommodative FED monetary policy statement but rejected the resistance at 1.36450 forming a potential daily Pin Bar, the most famous price action signal. Could it be a sell signal? Only a breakdown of the pin’s low could be a clue for a short entry.

 

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Luigi, professional trader member of Hereforex.com

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