EUR/USD Signal Update
Yesterday’s signals were not triggered and expired.
Today’s EUR/USD Signals
Risk 0.75%
Entries may be made only between 8am and 5pm London time today.
Long Trade 1
Long entry after bullish price action on the H1 time frame following a first touch of 1.3487.
Put a stop loss 1 pip below the local swing low.
Adjust the stop loss to break even when the price reaches 1.3645.
Take off 75% of the position as profit at 1.3645 and leave the remainder of the position to run.
Short Trade 1
Short entry at a first touch of 1.3688.
Put a stop loss 1 pip above the local swing high.
Adjust the stop loss to break even when the price reaches 1.3625.
Take off 50% of the position as profit at 1.3625 and leave the remainder of the position to run.
EUR/USD Analysis
Again, although there were no high profile news events yesterday, the EUR fell yesterday across the board. The price cut clean through the start of the support zone which began at 1.3555, but seems to have bottomed out well before the round number at 1.35. This suggests we should ignore the idea of a zone here and focus instead on the next support at 1.3487.
The bias should be bearish and we can look for an entry at a pull back to 1.3688, which is very unlikely to happen today.
There are no high-impact news events scheduled for today concerning either the EUR or the USD. It will probably be a quiet day for this pair.