Weekly Price Action Setups & Key Levels | Jan 9-13

eurusd false break trade setup 2ndskiesforex

​My current active open trades: GBPUSD, USDJPY, AUDNZD & AUDCAD

NOTE TO TRADERS: Power just came back on after 36+hrs off. Thank god for a fireplace as it would be cold in this mountain cottage mo-fo at night!

EURUSD – Holding Above False Break Level (daily chart)
With the price action holding the yearly lows around 1.0350 last week for a 3rd time in the last 30 days, the EURUSD is attempting to build a base above the false break level we talked about in our last commentary (1.0515). Thus far it’s held 3 days above this level and the longer it does, the greater the chance the base is in ST.

The pair needs to clear 1.0650 which is …

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