Sunday, August 18, 2013

EURUSD PRICE ACTION: Against Market Open, Failure Swing Low/Fakey Trade Setup. August 18, 2013

 Though trading on friday ended with what looked like a Pin bar, the momentum on the pair at the moment is still very bullish therefore, we will keep to the tradition of staying with the dominant trend, which is yet bullish on the EURUSD. Its important to note also that we still have the Fakey/Failure Swing Low (a bullish trade setup) yet to fully play out. We will therefore remain on the bulls until we get a clearer bearish setup on the pair.

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