Free Forex Signals – V-Shaped Correction Below 1.13
EURUSD Daily Analysis: Fiber has found strong resistance under 1.50 and the resulting v-shaped correction down to 1.1320 has us looking for 1.1250 for our weekly target (and the most likely area we will see substantial buying again). 1.1410 is our key pivot - below this level we remain short-term bearish.
Our Preferred Trades*: We have set a sell limit at 1.1390, TP @ 1.1290, SL @ 1.1425.
Yesterday's EURUSD SwingPRO Signal Result: The SL on our Friday long was hit for a 35 pip loss.
Today's SwingPRO Signal: See preferred setup 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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