Weekly Price Action Setups & Key Levels | Feb 1-6

eurusd

EURUSD – 1st Role Reversal Level Holding, Potential Breakdown (4hr chart)
After spending the last 3 days trying to penetrate the offers just below 1.14, the Euro failed to make similar highs, and produced a few lower highs closing the week just below the 1.13 handle.

Short term the pair is in a small range with a bearish bias. Any weak pullbacks towards resistance are solid sell opportunities. Only a daily close above 1.1560+ negates the bear trend MT.

USDCAD – Possible Exhaustion Price Action (1hr chart)
Jumping almost 400+ pips from our members buy zone setup around 1.24, the USDCAD has been on a tear forming impulsive move after impulsive move. You’ll notice how the buying and breakout of …

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