Weekly Price Action Setups & Key Levels | Jul 23-28

Weekly close above 1.15 EURUSD 2ndSkiesForex

My Current Active Open Positions: EURGBP, EURAUD, USDJPY, AX_UN, CUF_UN, CSE, ​FTS, SBER, TRP, FXo EURJPY, FXo EURPLN

EURUSD – First Weekly Close Above 1.15 In 2,5 Years  (Weekly chart)
For the first time in 2.5 years, the EURUSD has been able to close above 1.1500. The strong weekly close suggest very little profit taking + bullish momentum still being strong.

The fact that this important level has been cleared will most likely open up for more technical buying interest in the pair and thus keep our trend bias ST to the bull side.

This makes 1.1450 a very interesting level to look out for on weak pullbacks into the level with next key resistance level coming in @ 1.1870.…

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