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Price Action Watch: February 6th - 10th, 2017

Published 02/06/2017, 04:57 AM
Updated 07/09/2023, 06:31 AM

In this week's market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves.

Pairs and markets analyzed this week: AUD/USD, EUR/GBP, EUR/USD and EUSTX50

AUD/USD at weekly resistance.

AUD/USD Weekly Chart

AUD/USD at weekly resistance area 0.76866-0.77616, potential move to the downside from this zone (1st management point 0.733).

EUR/USD testing resistance area


EUR/USD 4 Hour Chart

EUR/USD is testing resistance area (1.08022-1.08935), waiting for bearish price action for a potential move to the downside from this zone.

EUSTX50 price retesting zone, look for bearish price action

EUSTX50 30 Minute Chart

EUSTX50 at resistance area 3276.98-3326.02, potential move to the downside from this zone (1st management point 3160).

EUR/GBP, Double High Lower close at zone


EUR/GBP 30 Minute Chart

EUR/GBP, Double high Lower close at zone, high probability to see a move to the downside from this zone.

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