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.

4h Chart

Long-term Trend Analysis Chart

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:

Date Time (UTC) Event Actual Forecast Previous
Mon
Mar 24
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

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  1. Avatar of Dragan Stojanovic
    Dragan Stojanovic
    March 24, 2014 at 21:58 Reply

    @johnny… so it’s going well for you ;-)
    i still believe that we’ll see some fall soon… i’ve missed to go short in area of 3870… but who knows… maybe it was good that i’ve missed it ;-)
    cheers
    d

  2. Johnny
    March 25, 2014 at 19:07 Reply

    Hi there @Dragan. Im still holding on to it (E/U) :-) And I have a good feeling to meet my target in due time (May be already by this week if not the next one?) The good support I mentioned on my Long trigger point I bought the pair just before the weekend seemed to be a nice one :-)

    Also still in my Long A/U from days ago. (I did mention back then). And first TP for this pair will be 0.9380 But eventually it will move much higher (1.0850).
    But remember, JMV !

    GL & TC

  3. Johnny
    March 25, 2014 at 19:08 Reply

    Johnny
    MARCH 21, 2014 AT 12:10 reply
    Gone Long 3775, sl 3735 and tp 3950.

    Johnny
    MARCH 21, 2014 AT 12:15 reply
    error + sl @3725 and not 3735 , small type mistake(3730 lays good sup)

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