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Euro Forms Pin Bar At Resistance | Nov. 14th

EURUSD
As I had discussed in yesterday's market commentary, the pin bar and engulfing bar combo highlighted did produce higher prices for the Euro, and went to the first resistance level I mentioned yesterday (around the 1.2763 area). Some of the course members got in on this trade and profited nicely from it as it was discussed openly.

However, the pair got rejected and formed a large pin bar at resistance and a role reversal level. Now the lines are drawn short term, as the bulls will have to clear 1.2772, while the bears have support at 1.2659, so those are your levels for either side of the market to get long or short, and watch for price action signals there.

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