Weekly Forex Price Action Commentary | Feb 3rd - 8th

eurusd intraday price action signals 2ndskiesforex.com feb 3rd

Gaining 6 out of the last 7 days, Friday’s NFP was a wild ride with the pair touching an intraday low of 1.3585, then screaming up in 1hr up to 1.3700, only to sell off another 60pips. ¬†Intraday support comes in at 1.3585 (friday low) where the pair found strong buyers, while sellers can look for intraday price action signals off 1.3700 with tight stops above. ¬†A downside break of the level sets up 1.3500 while a 1.3700 break targets 1.3830.

Trending and holding it a little stronger, the EURJPY has been holding its own and closing not to far off the weekly highs. What I am noticing is on the 4hr charts, the pullbacks are …

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