EUR/USD Signal Update
Last Thursday’s signals expired without being triggered as the price never reached either of the key levels.
Today’s EUR/USD Signals
Risk 0.75%
Trades may only be made before 5pm London time today.
Long Trade 1
Long entry following a bullish price action reversal on the H1 time frame supported by 1.1076.
Put 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.
Remove 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 2
Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of the broken trend line currently sitting at about 1.1010.
Put 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.
Remove 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 3
Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.0930.
Put 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.
Remove 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
At the time of writing this just a few minutes after the London open, the price is dipping below the support level at 1.1076. If it does not recover quickly, this suggests a fall to the broken trend line at 1.1010 which, if it presents a bullish reversal, could be a good long opportunity.
The lower high recently made in the chart below is suggestive of a move down to the trend line today, or close to it.
There is nothing due today regarding either the EUR or the USD.