EURUSD has a Bearish Pin Bar on its Daily Chart
A pin bar on a daily chart signals a direction change. Here the stop loss is at the top of the pin bar where there was strong selling pressure. I am short a EURUSD future in my margin account and will buy UUP in my 401k. EURUSD can fall as GER30 and DAX show strength. I will look at going long on DPK or some Europe etf in my 401k. Traders can take precautions or wait for confirmation. A strong DXY has widespread effects.
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