Weekly Price Action Setups & Key Levels | Jan 15-20

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My current active open positions: EURUSD, USDJPY, USDCAD, AUDCAD, AUDNZD

EURUSD – Corrective Pullback But Building (daily chart)
Last week as we anticipated, the Euro continued to build while holding above the key 1.0515 RRL on a daily closing basis. Price action last week made it up into the high 1.06’s stopping out any pin bar traders who sold the bogus 50% retrace tweak entry.

The overall price action context is bearish MT while ST the pair is building (albeit in a corrective pullback structure). Bears will need to have a daily close below 1.0515 on a daily closing basis to put pressure on the yearly lows around the mid 1.03 handle.

In the meantime, should the pair make a …

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