Tuesday, July 16, 2013

EURUSD Price Action: Pulls higher after Fakey with Pin Trade Setup pulls higher. July 16, 2013


EURUSD has continued to trade higher following the Fakey with Pin Price Action Trade Setup, with the pair succesfully shaking off its previous bearish undertone after it hit its Key Support (Demand Zone). The trade room managed to get in on a trade off the one hour time frame as its PA presented an oppurtunity to go long which was in tandem with the daily Setup. Price could now target its Key resistance (Supply Zone) if it manages to break the previous week's high.

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