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EURUSD Pin Bar / False-Break Of Resistance

The EURUSD moved lower today after trying to push up above 1.2950 key resistance and then getting slammed lower as selling pressure came back into the market. We can see a large pin bar reversal signal formed today that shows rejection and a false-break of that resistance up near 1.2950. As result, we expect more downside movement in the coming days and a move down to retest 1.2750 key support is certainly a possibility.