Free Forex Signals – EURUSD Back in the Down Swing
EURUSD Daily Analysis: We apologize for the sporadic EURUSD posting for the past week. In all honesty it will probably continue to be sporadic until late next week when we re-open PRO registration, especially if there are no new trade setups or analysis hasn't changed.
That being said, we are eyeing a short opportunity in EURUSD and USDCHF right now. On EURUSD we are seeing follow through on the large October drop. While a break below 1.0900 would confirm there is a series of lower highs (orange trend line) that we can hide our SL behind on a reward/risk trade with 1.1050 as our key pivot.
Our Preferred Trades*: Sell limit set at 1.1035, SL @ 1.1070, TP @ 1.0935.
Yesterday's EURUSD SwingPRO Signal Result: No trades taken yesterday to report on.
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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