Free Forex Signals – Market Unreacts To Non-Rate Hike
EURUSD Daily Analysis: The Fed blinked on interest rates, pushing off a rate hike for at least a few more months (until the next Fed meeting) and the markets initially reacted by selling the USD (the expected reaction) but, before Friday's close, quickly sold that reaction back down. Technicals are a bit mixed but as long as 1.14 holds we are medium term bearish on the pair (though a break below 1.12 is ultimately needed for longer term bearish techs). Bullish traders could look to scalp bounces off of 1.1250 but are looking to fade rallies toward 1.14.
Our Preferred Trades*: Sell limit set at 1.1390, SL @ 1.1425, TP @ 1.1290.
Yesterday's EURUSD SwingPRO Signal Result: No trades taken Friday.
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.
Today's Important News Events: