Free Forex Signals – Still Looking Down
EURUSD Daily Analysis: Despite the recent drop back down to 3770 not much has changed technically for this pair over the weekend: it continues to make lower lows and lower highs after its intraweek support break after Yellen's comments hinted at an interest rate hike as soon as 2015. There is a slight bullish divergence on the 4h charts but a break above 3850 is needed to increase bullish pressure.
Our Preferred Trades*: We are moving our sell zone down just a little bit, to 3810, and will look to get short on a rally above 3810 with bearish confirmation, targeting down to 3700.
Yesterday's EURUSD SwingPRO Signal Result: No setups triggered yesterday.
Today's SwingPRO Signal: Short on a support break above 3800 with a TP of 80 and a SL of 50.
*CandlePRO: CandlePRO can be used in conjunction with our daily analysis and "our preferred trades." For example, if we prefer "going short" or "selling a rally" then we would look for bearish candlestick signals after a rally or near resistance levels. Alternative if we prefer "going long" or "buying a dip" then we would look for bullish candlestick signals on price drops or near support levels.
Today's Important News Events:
|08:30||EUR German Purchasing Manager Index Manufacturing (MAR A)||53.8||54.5||54.8|
|08:30||EUR German Purchasing Manager Index Services (MAR A)||54.0||55.5||55.9|
|09:00||EUR Euro-Zone Purchasing Manager Index Manufacturing (MAR A)||53.0||53.0||53.2|
|09:00||EUR Euro-Zone Purchasing Manager Index Services (MAR A)||52.6||52.6||52.6|
|09:00||EUR Euro-Zone Purchasing Manager Index Composite (MAR A)||53.2||53.2||53.3|
|13:45||USD Markit US PMI Preliminary (MAR)||56.5||57.1|