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EURUSD: Bullish Pin on Support | January 4, 2017



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Eurusd tried to breakout the support level but failed again. It was a false break and rejected from that area. We can see on the chart a bullish pin bar on major support zone. So we can expect some bullish movement on this pair.


On the chart, major support zone was marked. Intraday bias of eurusd is bullish. We need to look for buy above this support level. For buy, take profit will be 1.0500 level.

On the other hand, breakout of this support level can lead this pair towards 1.0200 level. So we need to be careful before NFP news.


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