Weekly Price Action Setups & Key Levels | Jul 31 - Aug 5

eurusd small corrective structure 2ndskiesforex

My Current Active Open Trades: AUDUSD (option), EURUSD & EURGBP

EURUSD – Small Corrective Structure & Inside Bar at Range Top (4hr chart)
After spending about a month between 1.1156 and 1.0925, the Euro got heavy on the bid last week closing above 1.1156 for the first time in 30 days.

To end the week, the price action formed a small corrective structure between 1.1156 and 1.1185. The weak CT presence from the bears in the order flow and price action suggests a solid chance of a break higher.

Should this play out, I think it would be workable to consider a ST RRL if the price action looked underpinned.

Upside the 1.14 barrier is a target for bulls while …

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