Weekly Price Action Setups & Key Levels | Aug 24-29

nikkei 225

EURUSD – 4 For 5
Closing bearish last week 4 out of 5 days, the Euro is continuing to press the downside as the USD gains broadly across the majors. To end last week, the pair touched a key resistance level, and then sold off the rest of the day, confirming bears are happy to sell on mild retracements.

For now, we are maintaining a bearish view while the price action is below 1.3350 on a daily closing basis. Until then, we’ll look for pullbacks towards 1.3290 & 1.3345 to get short. Downside support levels come in at 1.3193 and 1.3100.

S&P 500 – Forms Inverted Pin Bar at Highs
Closing bullish 7 of the last 10 days, the S&P …

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