{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-false-break-pin-plays-out\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-false-break-pin-plays-out\/","headline":"EURUSD False Break Pin Plays Out","name":"EURUSD False Break Pin Plays Out","description":"The setup we discussed in this blog yesterday on the EURUSD has now played out. To read yesterdays live post of the EURUSD daily setup see this post: EURUSD False Break Pin Bar Setup. From this false break pin bar price broke the low of the pin and smashed lower passing the super close support […]","datePublished":"2013-05-03","dateModified":"2019-08-05","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/05\/111.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/05\/111.png","height":"395","width":"554"},"url":"https:\/\/forexschoolonline.com\/eurusd-false-break-pin-plays-out\/","about":["Price Action Charts in Focus"],"wordCount":175,"articleBody":"The setup we discussed in this blog yesterday on the EURUSD has now played out. To read yesterdays live post of the EURUSD daily setup see this post: EURUSD False Break Pin Bar Setup.From this false break pin bar price broke the low of the pin and smashed lower passing the super close support area and working lower. For the price action traders who took this set they have now been given a chance to take some profit off the table or at the minimum protect some of their capital by shortening stops.Price has now closed and finish higher off the support area showing the support has held at this stage. This support could be\u00a0critical\u00a0to what happens in this market over the next few sessions. If support breaks, the next support level comes in around 1.2960. If price is contained at this support level and price moves back higher it will have to once again re-test the same area the false break Pin Bar is rejecting. EURUSD DAILY CHART | 3 MAY 2013 \u00a0"}