Weekly Price Action & Key Levels | Mar 2-7

gbpusd corrective pullback bids holding price action 2ndskiesforex

EURUSD – Bullish but @ Key Resistance Zone
Gaining a mild amount of ground last week, the Euro closed the week on two strong days of buying. The pair is just below a key resistance zone which is likely to have sellers parked in there. I’ll look for a sell signal between 1.3890 and 1.3850-ish expecting offers to emerge. If this zone holds, then downside targets would be 1.3770 and 1.3700 short term. A daily close above 1.3900 would likely = and attack on the ‘big figure’ at 1.4000.

GBPUSD – Bulls Making Second Attack
Last week we discussed the corrective pullback on the GBPUSD likely translating into a second attack by the bulls after holding the line just below …

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