Forex Signals – EURUSD Joy Ride
Wednesday PRO Update – The *new* PRO Dashboard has now become the default PRO Dashboard, though you can still access the old one here. We also released theNew Candlestick Guide which now covers ALL candles that are used in CandlePRO earlier this week. Check it out if you haven’t already!
For the rest of the week we will be re-doing all the help articles, publishing the video tutorials and working on the new “false breakout” feature. Stay tuned and, as always, send us your feedback and suggestions at firstname.lastname@example.org!
Recap: Price bounced around yesterday taking our long for a bit of a joy ride. First price rose to 1.2329 putting our long almost 50 into the profit. Price then dropped and bounced along support for hours, setting off several proximity alerts that, if broken, would have caused us to close out and get short.
Instead we are still sitting on our long from 1.2271 which is about 35 pips in the profit at 1.2310 at the current time. Given the lack of follow through in the bullish direction we will close out at current price for a 35 pip profit.
Today’s Important News Events:
|14:00||USD ISM Manufacturing (JUL)||50.2||49.7|
|18:15||USD Federal Open Market Committee Rate Decision (AUG 1)||0.25%||0.25%|
|*To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar.|
Trading Idea: We are still tracking the rising support from yesterday and will look to get short on a support break with targets at 20/20/20/20 for 80 pips profit.
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