Weekly Price Action Setups & Key Levels | Feb 8-13

EURUSD – Testing ST Support (4hr chart)
After giving a kiss to the big figure at 1.15, the Euro sold off after NFP and never looked back closing on the lows. Right now the pair is sitting above ST support around 1.1275.

For now, the price action is in a range between these two levels. I’ll be happy to sell on any rallies up towards the role reversal level + resistance as I’m maintaining the bearish bias. A break below the ST support opens up the yearly lows. A bounce from here puts the key resistance back in focus. So stick with the bearish bias till the role reversal level folds on a daily basis.

AUDUSD – Potential False Break

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