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Lewis Barber is a professional forex trader with experience across a large variety of markets. Although he focusses primarily on forex trading Lewis also has experience of trading stocks, commodities and indices as well. He believes in adopting simple, straightforward and easy to follow... More
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  • Daily Forex Trading Commentary - Sunday 18th May 2014 0 comments
    May 18, 2014 9:10 PM

    EUR/USD - Bullish Price Action Pin Bar From Key Support

    The EUR/USD produced a bullish pin bar from key support on Thursday last week and dipped back to around the 50% retracement level in Friday's trading session. There has been a lot of selling in this market over the last week or so it is advisable to be cautious here. This setup is still very well defined and at a strong support level so has a good chance of success. If traders are able to monitor intra-day price movements it would be good to look for bullish confirmation on the 4-hour / 1-hour timeframe to give extra 'weight' to this setup.

    (click to enlarge)EUR/USD

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