EUR/USD Signal Update
Last Wednesday’s signals were not triggered.
Today’s EUR/USD Signals
Risk 0.75%
Trades must be taken before 5pm London time today only.
Long Trades
Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1273 or 1.1234.
Put the stop loss 1 pip below the local swing low.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
Short Trade 1
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1362
Put the stop loss 1 pip above the local swing low.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
EUR/USD Analysis
It is likely to be a quiet day. This pair has been much less bullish as the USD saw a recovery over the past week and a half, but the Euro does remain one of the stronger currencies over the long-term, so the best movement by this pair is likely to be to the upside if and when the USD weakens again.
In the meantime the support at 1.1273 looks very likely to hold.
There are no high-impact events due today concerning either the EUR or the USD. It is a public holiday in France and Germany.