Forex Signals – EURUSD Movement, Finally
Sorry for any confusion! Our trades from Wednesday’s signals were triggered yesterday but there was little movement on them for the majority of the day and, hence, the lack of the update yesterday. We did post in the comments of yesterday’s signal that there had been little movement and no signal as well.
Recap: Our short from Wednesday’s signal was triggered on the 15:59 support break at 1.2958. That short stayed open and, after seemingly going nowhere for most of yesterday, has just hit our full TP for 80 pips profit.
The bottom yellow line on our chart today is long term, intraday support started last month and the break below represents a new potential downtrend on the longer-term trend. Needless to say we are very bearish after the break and see 1.28 and 1.27 as the next major targets.
Today’s Important News Events:
|12:30||USD Change in Non-farm Payrolls (OCT)||125K||114K|
|12:30||USD Unemployment Rate (OCT)||7.9%||7.8%|
|*To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar.|
Trading Idea: With our targets just hit on our last EU trade and the lack of a close S/R line to trade off of we will remain flat on this pair going into the weekend and look to pick up our swing trades again on Monday.
We are bearish after the intraday support break and if we were trading this pair today we would be looking for reasons to get short.