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Free Forex Signals - 2015 Lows Coming Into Focus

Signal Posted: 2015-11-10 06:16:52

EURUSD Daily Analysis: EURUSD dropped as forecast from last week's analysis, though never rallied high enough to trigger our sell entry (1.1035). We remain bearish on the pair as it has clearly made a series of lower lows and lower highs over the past few weeks and has also made 6 month lows on the break below 1.0820, threatening 2015 lows around 1.0460.

4h Chart

Our Preferred Trades*: Our key pivot is 1.0870 (we remain bearish below this level) and have set a sell limit at 1.0840 accordingly, SL @ 1.0875, TP @ 1.0740 (100 pips).

Long-term Trend Analysis Chart

Yesterday's EURUSD SwingPRO Signal Result: No trades triggered 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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