The EURUSD moved higher last week, but overall the trend is still down and price is still contained under key resistance up near 1.1050. Whilst price is contained under that resistance we remain more bearish on this market and will look for price action signals to sell.
The GBPUSD moved higher last week as price pushed up and away from key support down near 1.4630. We are watchin the key resistance level at 1.5135 this week as a potential sell level should price get back up to it. Traders can look for a 'blind entry ' there or wait for a price action confirmation signal to go short there.
The AUDUSD is currently trapped within the confines of a trading range between 0.7915 and 0.7560. This week, should price move up and test the resistance at the top of the range near 0.7900, we will look for price action selling opportunities to trade back down toward the support of the range.
Post By Nial Fuller, Founder of Learn To Trade The Market.
The GBPUSD moved higher last week as price pushed up and away from key support down near 1.4630. We are watchin the key resistance level at 1.5135 this week as a potential sell level should price get back up to it. Traders can look for a 'blind entry ' there or wait for a price action confirmation signal to go short there.
The AUDUSD is currently trapped within the confines of a trading range between 0.7915 and 0.7560. This week, should price move up and test the resistance at the top of the range near 0.7900, we will look for price action selling opportunities to trade back down toward the support of the range.
Post By Nial Fuller, Founder of Learn To Trade The Market.
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