EURUSD Price Action – Breaks First Key Resistance Level | Jan 27

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EURUSD – Breaks First Key Resistance Level (1hr chart)
As we suspected and wrote about yesterday in the members commentary, the Euro broke above the key resistance level at 1.1285, making a decent run up to just above 1.14 before pulling back.

I’m still bearish below 1.1445 and 1.1550, so am looking to short at the resistance zone above. ST we have a range between 1.1285 and 1.1445. A break on either side sets the next direction up, but I’m suspecting the Euro will be sold on rallies by institutional players.


Also in the members commentary today, we cover the EURGBP, AUDUSD, USDJPY, USDCAD & GOLD. Click here to become a member.

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