Wednesday, May 29, 2013

EURUSD Price Action: Range Bound Market. May 29, 2013

 My last Trade commentary on the euro was a complete give away and anyone who went with it completely, would have had a basket full of pips at this time. After the Pin Bar Price Action Setup, price moved lower and hit Key support but was unable to break through it. Subsequently, price moved back into resistance and it also seems reluctant to break away yet again. Price is therefore in a range of about 100pips and savvy price Action traders would have come out with about 200pips from the sell off and subsequent demand. I was in on so many trades and barely traded the euro in all of the rush but Ive managed to make a new entry at about Key resistance and my target still would be the key support.

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