Weekly Price Action Setups & Key Levels | Jun 25-30

Corrective Structure Still In Play after False Break Exxon Mobil Corporation XOM 2ndSkiesForex

​My Current Active Open Trades: AUDNZD, EURGBP, EURNOK, EURPLN, USDMXN, CADMXN, AX_UN, ANZ, BMO, CUF_UN, CSE, SBER, FXo EURJPY, FXo EURPLN

EUR/USD – MT Corrective Structure Still Holding Above 1.1130 (4h chart)
During the last 4 weeks, the EUR/USD has been trading within a ~150 pip corrective structure between 1.1130 & 1.1280.

IMO, the probabilities are in favor of another impulsive move following this impulsive/corrective structure, which would be in line with our commentary on the 4th were we mentioned that this pair is closing in on a major multi-year resistance.

To the upside, minor resistance comes in at 1.1280 and the major multi-year resistance is waiting at around 1.140/45.

To the downside, if this corrective structure should fail, we …

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