Saturday, April 27, 2013

EURUSD Price Action: Inside Bar Price Action Setup, 27/04/2013

 I had expected a resumption of a down trend following the Pin Bar on the Euro at the close of Trading on Thursday 25th April, but there was a significant reluctance on the part of traders to sell this pair hence, we ended the day with an inside bar Price Action Setup. Following this setup, I would expect a bit more bullishness on this pair and watch reaction of the pair as it approaches the resistance zone as indicated above.

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