EURUSD – Choppy Week, But Still Bearish
After a choppy last week which saw the pair surge, then sell off 3 days in a row, the pair is holding under a short term role reversal level. If this level holds, the pair will likely retest 1.3700, potentially making a path lower towards 1.3500. Bears can look to sell in the 1.3840 resistance zone on corrective pullbacks.
AUDUSD – Pin Bar @ Resistance
After an impressive 6 out of 7 day bull run, the pair hit the key resistance area at 9266, which we talked about in last weeks daily market commentary. Even though it formed a counter-trend pin bar, the underlying bull trend is still in place.
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