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EURUSD Pin Bar Buy Signal Could Push Market Higher – May 30th 2017

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 5 Comments

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EURUSD – Euro/dollar pin bar reversal may lead to another leg higher

The EURUSD has been trending higher since mid-April and over the last week we have seen it pull back to support between the 8 and 21 daily chart exponential moving averages (a dynamic value / support area). Notice on the daily chart below, a pin bar reversal buy signal formed today as buyers came back into the market following the brief pull back that took place over the last six days. If price can hold above the low of today’s pin (1.1108 area) we could easily see prices push higher and resume their upward track from here. However, a close below 1.1108 would likely lead to a deeper downside pull back.

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
  1. Temple June 28, 2017 at 11:17 pm

    please I need a refresher on price action as I abandoned trading after losing my last account.

  2. marco June 28, 2017 at 7:30 pm

    great work!

  3. Rosario C Songcuan June 28, 2017 at 4:33 pm

    Thank you Nial.

  4. mpumelelo June 28, 2017 at 3:09 pm

    HI Nial.would you kindly post a eurjpy analysis please.

  5. aw May 31, 2017 at 8:10 pm

    very good pull back.


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