Forex Signals – EURUSD Bull Fight
Site Update! The new dashboard is available for PRO users with a host of exciting new features. This is still just the beta so will just be available to PRO users but please, try it out, kick the tires, and send us your feedback to firstname.lastname@example.org. You’ll quickly notice the streamlined new interface, the new CandlePRO features and the easier to follow swing analysis.
P.S. Remember that this coming Monday, and all Mondays thereafter, we will be doing Intraday Update instead of the early AM analysis to give the charts more time to develop after the weekend. Also, we are trading today. Have a good weekend!
Recap: Our long was triggered on the resistance break yesterday at 1.2161 and never looked back, quickly hitting all targets for 80 pips. In reality our trade was closed out for more than 80 pips (the rise was quick and hit 160 pips within hours) but we will ONLY be reporting 80 pips in the performance section of the website as that was our stated target.
Today’s Important News Events:
|12:00||EUR German Consumer Price Index (YoY) (JUL P)||1.7%||1.7%|
|12:00||EUR German Consumer Price Index – EU Harmonised (YoY) (JUL P)||1.9%||2.0%|
|12:30||USD Gross Domestic Product (Annualized) (2Q A)||1.4%||1.9%|
|12:30||USD Gross Domestic Product Price Index (2Q A)||1.5%||2.0%|
|*To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar.|
Trading Idea: Bulls seem to have lost their strength under 1.23 resistance, or bears have jumped back into the party. Either way the pricing is falling and we are bearish. Unfortunately the only resistance is horizontal and we don’t trade horizontal S/R due to our low success rate with them.
We will stay flat on this pair heading into the weekend due to the lack of solid trending S/R lines.
* * * PipHut PRO* * *