February 23, 2009 03:02

Free Forex Signals – EUR/USD Long Trades

By:

2-23-09

3:16a GMT – Big change last week as the EUR/USD sprang for a 300 pip gain on Friday, which now makes the technicals look bullish. I said last week that a sustained break of 1.2750 would be needed for me to go bullish, and we got that last Friday. Hourlies are overbought and I know some aggressive traders are looking to sell in the short-term. I am looking to buy dips though near support levels.

Trading Idea: We have strong support at 1.2750 and that is the first level I will be looking to buy on bullish candlestick signals. The 4-hour charts have been producing some reliable doji signals the past 48 hours I will be very alert if any doji reversals pop up. Longs favored back up to 1.2855 and 1.2950.

(click to enlarge)

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1 Comment on "Free Forex Signals – EUR/USD Long Trades"
  1. Reply
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    Comment left on:
    February 23, 2009 at 18:18
    okoh ose says:

    sir
    i just wantr to know what has been hapening that most of what i see many forex signal providers are not come true.
    it is not only from your desk but many traders.

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