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EURUSD Consolidates After Pin Bar

The EURUSD formed a pin bar signal on Thursday showing rejection of resistance at 1.3100. The market has been choppy recently but seems to have a slight bearish bias to it as it's stayed contained under 1.3100 resistance recently. The market just consolidated today and retraced to just over the pin bar 50% level. Next week, we could see more downside movement if the market continues to hold below 1.3100. If we break below near-term support at 1.2960 we could see more downside movement into key support at 1.2750.

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