Free Forex Signals – EURUSD Remains High Risk, Low Reward

EURUSD Daily Analysis: EURUSD has been in a wide, but shrinking, consolidation pattern since the late August rally to 1.17, with 1.11 representing strong and pivotal support beneath the current channel. 1.11 should provide short-term support to bulls but caution is advised as a break below could open up a steep correct to 1.10 and 1.0850 in short order.

4h Chart

Our Preferred Trades*: For our part the short, medium and long-term trends are too at odds with each other to provide a clear reward/risk setup in our favor so we will stay flat today. 1.1130 should provide short term support to aggressive bulls and 1.13 is our key topside pivot.

Long-term Trend Analysis Chart

Yesterday's EURUSD SwingPRO Signal Result: No EU trades triggered Friday or yesterday.

Today's SwingPRO Signal: See preferred setups above.

*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.

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  1. Profile photo of izuchukwu
    izuchukwu
    October 5, 2015 at 22:51 Reply

    Hello!..anybody at home?

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