EURUSD Price Action – Attempting To Base, But Resistance Ahead | Jan 29

EURUSD – Trying to Base, Resistance Ahead (1hr chart)
Although there has been some decent selling below ST resistance around 1.1384, the pair hasn’t maintained any bearish pressure, with the price action trotting around 1.1275 – 1.1384.

Intra-day resistance is ahead at the latter level, but a break here will test offers in the next resistance zone around 1.1545 – 1.1450. If this level holds, then we’ll likely see another attack lower. But a daily close above here means the pair is attempting to base.

eurusd

Also in our members trade setups commentary today, we cover the USDCAD, GBPUSD, USDJPY, AUDUSD, NZDUSD & EURGBP. Click here to become a member.

Read my latest article A Trading Mindset: Books to Give Your A Mental Edge

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18yrs of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.

Related Article