March 31, 2009 05:43

Free Forex Signal – EUR/USD Selling the Bounce

By:

3-31-09

6:26a GMT – First off thanks for those of you who reported the email problems yesterday and over the weekend. I should have straightened it out but let me know if your still having a problem receiving the signals. EUR/USD continued its descent yesterday but found support around 1.3100 and we got a 160 pip bounce off that level up to 1.3275. Pair is currently consolidating around this area. We had a new lower low yesterday so I will continue to go with the trend and sell bounces.

Trading Idea: We have hourly resistance at 1.3275 and 4-hour resistance at 1.3310. I will look for bearish confirmation signals near both levels. Tight stops, short targets preferred down to 1.3215 and 1.3130.

(click to enlarge)
eu33109selling 

Click here to receive my free forex signals via email
Click here for more info on how to use my free forex signals
Click here to learn how much you can earn with our Forex Income Calculator
Discuss this signal with me and fellow traders at the new Forex Discussion Groups

3 Comments on "Free Forex Signal – EUR/USD Selling the Bounce"
  1. Reply
    #
    Comment left on:
    March 31, 2009 at 07:04
    Shalaby says:

    Dear Sirs,
    Thank u very much for your signals, they r really helpful, but I still having problem in receiving these signals by email.

  2. Reply
    #
    Comment left on:
    March 31, 2009 at 07:36
    Furkan says:

    Thanks you very much sir.

  3. Reply
    #
    Comment left on:
    March 31, 2009 at 16:45
    Eddy Cane says:

    It was my first time using your signal today and I must admit that the trading idea was right on point. Appreciate it, and have a great day.

Leave A Comment
XHTML: feel free to use any of these tags.

LEGAL DISCLAIMER AND RISK WARNING

Foreign currency exchange trading is highly speculative and is suitable only for those who (a) understand and are willing to assume the risks involved, and (b) are financially able to assume significant economic losses. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Trading on margin can amplify both gains and losses in your account. Before deciding to trade foreign currencies, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading and seek advice from an independent financial advisor if you have any doubts.

All contents or information displayed or contained on Piphut.com are based on a number of assumptions which may not be fully disclosed or explained. Hypothetical trading or performance has many inherent limitations, including the benefit of hindsight and the fact hypothetical trading or performance involves no economic risk. Variables such as the ability to adhere to a particular trading program despite trading losses and maintaining adequate liquidity are material considerations that can adversely affect actual trading results. No representation or warranty is being made or given that any account will or is likely to achieve profits or losses similar to those displayed on Piphut.com. There are frequently substantial differences between hypothetical performance and the actual performance subsequently achieved by a trading program. You must exercise independent judgment when making investment or trading decisions. Past performance is not indicative of future results. Please read the User Agreement and Risk Disclosure Statement for more information.