Weekly Price Action Setups & Key Levels | Dec 18-23

eurusd trade setup 1hr chart 2ndskiesforex

​My current active open positions: EURUSD, AUDCAD, AUDNZD, AUDUSD

Note to traders: liquidity has a good chance to really thin out this week leading into the holidays. It will show it’s cards likely by weds/thurs.

Just understand with low liquidity, stops can get kicked on sharp spikes so be mindful with proper risk and understanding of what may happen.

EURUSD – Corrective Pullback Sitting At MT RRL (1hr chart)
After forming a multi-year low which we’ve been hinting at for several weeks now, the EURUSD has produced a corrective pullback into the MT RRL around 1.0460. If this level holds, we should see another attack on the yearly lows sub 1.04 with potential scope for a trip to parity.

NOTE:

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