Weekly Forex Price Action Outlook | Feb 17th - 22nd

eurusd $eur price action trading 2ndskiesforex.com feb 17th

Ever since touching 1.37 this year, the Euro has sold off 7 of the last 10 days, with the largest bear candle since then being over 133% larger than the largest bull candle.  Overall, the selling pressure has been on, but there is still the presence of bulls from the prior uptrend. The LH’s (lower highs) and LL’s (lower lows) in the recent down swing, is leaning on the bulls.

Key support for them comes in around 1.3252.  Should this level give way, then support does not come in for another 125 pips south.  Short term resistance for the bulls is 1.34 and 1.35.  But I would’t want to get in till the 1.3252 buy level, or selling at …

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