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.

4h Chart

Our Preferred Trades*: Sell limit set at 1.1035, SL @ 1.1070, TP @ 1.0935.

Long-term Trend Analysis Chart

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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  1. Profile photo of izuchukwu
    izuchukwu
    November 4, 2015 at 09:37 Reply

    hi piphut…nice DTI…wel I see anoda rise but yellens comment like I said earlier is a threat for the bulls… draghi dropped his dovish talk and he will still speak tomorrow…so the bears are not done yet….so it rise to fall again….all timeframe on my chart is showing signs of bullish next move…so let’s see

  2. Profile photo of izuchukwu
    izuchukwu
    November 4, 2015 at 13:38 Reply

    the dollar gains ahead of yellen comments…. a clear breakdown of the 1.090 zone and the sellers will take over….

  3. Profile photo of izuchukwu
    izuchukwu
    November 4, 2015 at 15:18 Reply

    sharp drop due to positive results from ADP non farm payroll data and ISM data…..the threats ain’t over yet…draghi comments again tomorrow and Non farm payroll for Friday will be the utmost indicator for December fed hike

  4. Profile photo of izuchukwu
    izuchukwu
    November 5, 2015 at 08:14 Reply

    hi pple….so far so bearish….market kps dropping ahead of draghi comments at 12.45gmt…technically, another clear fall below 1.080 and its all over for the bears…we going down towards 1.070/060 region..cos from the technical view an easy forecast of NFP could b drawn

  5. Profile photo of izuchukwu
    izuchukwu
    November 5, 2015 at 13:59 Reply

    market survives above 1.080 and next resistance is 1.090 support turn resisitance now….final showdown is NFP for tomorrow…lets see how it plays tomorrow..take care guys…but am still loading my bull shots after all this bear threats,maybe next week

  6. Dimitri Dimopoulos
    November 6, 2015 at 13:54 Reply

    Its a huge number on NFPs – surely we could see a risk-on bounce back up in EU?
    All looks towards EU short but thats when the surprises usually come….lets see …

  7. Profile photo of izuchukwu
    izuchukwu
    November 6, 2015 at 13:57 Reply

    wow!…did u guys see this baby dropped to as low as 1.070….well am tempted to buy for now..the threats are over till next week…lol

    • Dimitri Dimopoulos
      November 6, 2015 at 14:08 Reply

      I agree – have just gone long now….lets see how the day ends…

  8. malenchelon
    November 9, 2015 at 08:41 Reply

    nice

  9. Profile photo of izuchukwu
    izuchukwu
    November 9, 2015 at 09:06 Reply

    nice pips from my buy..but am going out sooner……..i see dem bears in rage again…..take care guys..watch out for some volatility soon….we may touch 1.060 ..my view tho

  10. Profile photo of Jacob
    Jacob
    November 9, 2015 at 12:11 Reply

    I think the EURUSD has reached end of the road for bears. I am watching to get the next buy entry from my systems. For now, nothing for me.

    • Dimitri Dimopoulos
      November 9, 2015 at 12:55 Reply

      I agree Jacob, once we get (or assuming it will happen) the December rate increase out of the way or the market finally believes it will happen, I see a quick upwards movement in EURUSD after that.

      Eurozone has started gradually ticking upwards, once this starts happening the higher yielding currencies should benefit i.e. selling the dollar. In my view…

  11. Profile photo of izuchukwu
    izuchukwu
    November 9, 2015 at 14:56 Reply

    jacob be careful of them long….the bears are not giving up easily…draghi speaks tomorrow….so if you go in for long…be sure to back out before draghi opens his mouth….we will hit 1.060 sooner ds week or next..jus my view..any buy should not tarry long

  12. Profile photo of izuchukwu
    izuchukwu
    November 9, 2015 at 14:59 Reply

    meanwhile is that a bullish candle pattern on m30………very interesting..lol

    • Dimitri Dimopoulos
      November 9, 2015 at 15:12 Reply

      LOL Im so glad i have found someone who is sensible like you understanding that the possiblities of it moving up as almost as strong as it is for moving down :). Mr Jonhy (the no stop loss man) should learn something from you. Thanks for your comments. :))

  13. Dimitri Dimopoulos
    November 9, 2015 at 15:09 Reply

    Talk of a deposit rate cut coming out….EURUSD struggling to stay up….tempted to go long again but think this might touch the 1.07 mark after those rumours…

  14. Profile photo of izuchukwu
    izuchukwu
    November 9, 2015 at 17:12 Reply

    lol….you are funny dimitri….well i respect johnny he is an old friend of mine in the house…its just that he is addicted to long trades and its so frequen…i hope he is a tall man or better still long man…lol

  15. Profile photo of izuchukwu
    izuchukwu
    November 9, 2015 at 17:14 Reply

    as long as market stays below 1.080 we are going down guys..thats my temporary resistance for now

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  18. Profile photo of Kay
    Kay
    September 29, 2016 at 19:01 Reply

    is our beloved hut now dead? just came around and saw it is like ghost town

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