EUR/USD Signal Update
Yesterday’s signals expired without being triggered as the price never reached either 1.2400 or 1.2500.
Today’s EUR/USD Signals
Risk 0.75%
Trades may only be entered between 8am and 5pm London time.
Short Trade 1
Go short following bearish price action on the H1 time frame immediately following the next touch of 1.2500.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Short Trade 2
Go short following bearish price action on the H1 time frame immediately following the next touch of 1.2537.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Short Trade 3
Go short following bearish price action on the H1 time frame immediately following the next touch of 1.2564.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Long Trade 1
Go long following bullish price action on the H1 time frame immediately following the next touch of 1.2400.
Place the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
EUR/USD Analysis
We had plenty of levels to work with yesterday, but as it happened, none of them were hit, we just chopped around in between 1.2400 and 1.2500. therefore all the levels from yesterday are still in play today.
There are no high-impact news releases scheduled today that are likely to affect the EUR. Regarding the USD, there will be a release of Unemployment Claims data at 1:30pm London time.