Update to yesterday's EUR/USD long signal: the level of 1.3159 was not hit before the signal expired at 16:00 GMT yesterday. The price did reach 1.3162 at one stage, so if your broker's price feed was significantly shorter than the average feed's price, you may have entered and enjoyed a winning trade. If so I advise that you exit the remainder of the position at 1.3400.
EUR/USD Signal Update - July 24, 2013
By Adam Lemon
Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.