EUR/USD Analysis


Screen Shot 2018-01-30 at 18.33.05Price has reached a weekly key level after a strong bullish run, price looks like it could continue higher if the weekly level it broken.

Daily:Screen Shot 2018-01-30 at 18.33.43

Price has rejected the weekly level with two long wicked daily candles indicating a possible pull back before continuing upwards.


Screen Shot 2018-01-30 at 18.34.24

On the 4HR chart you can see even clearer the rejection of the weekly key level. The 4HR trend line has also been broken adding confluence for a retracement. I can see the price moving towards daily key level of 1.22944 which was previous resistance.

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