Daily Forex Trading Commentary - Monday 24th March 2014

EUR/JPY - Prices Moves Higher From Bullish Price Action Pin Bar

The EUR/JPY moved modestly higher today from the bullish price action pin bar we discussed in our market commentary yesterday. As long as price remains above support at 140.40 we favour the upside in this market.

DAX 30 Index - Price Moves Lower From Bearish Price Action Pin Bar

The DAX 30 Index rotated lower today from the price action pin bar we discussed in our market commentary yesterday. This market did actually move back up past the 50% retracement level of Friday's pin bar offering a great entry level and tight stop-loss for short setups. From here we expect to see a bigger move lower and perhaps a retest of the key support level seen down near 9000.

This price action trading commentary is published by Lewis Barber and represents his current view of the forex market.

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