Free Forex Signals – Bears Strike Back

EURUSD Daily Analysis: Price rallied nicely off of our key support from Monday (1.1290), dropping just a few pips below the level before it rallied back up to the high 1.1320s. We closed out via trade alert for 12 pips profit after it appeared bulls had lost momentum - and good thing as yesterday's drop to 1.2860 (which our SL would have survived, if we had kept the trade open).

Trend analysis is mixed today. We remain mildly bullish above 1.1260 but barely so and certainly not with enough conviction to risk equity.

4h Chart

Our Preferred Trades*: Flat for today until a higher probability setup presents itself (GBPUSD setup looks promising). Key support at 1.1260, key resistance at 1.1350 for any aggressive day traders.

Long-term Trend Analysis Chart

Yesterday's EURUSD SwingPRO Signal Result: Closed our long from Monday for 12 pips profit.

Today's SwingPRO Signal: See preferred trades 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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Join the Discussion!

  1. usman mohammed
    September 16, 2015 at 07:29Reply

    I must admit, the Piphout team is doing a wonderful supporting amateurs like me and others, so thanks for the job well done

  2. Boras
    September 16, 2015 at 08:50Reply

    Good job Sir. But no hint on GBPUSD. Thanks

  3. Johnny
    September 17, 2015 at 08:20Reply

    To be or not to be …. Hike or not to hike ????

    I think nothing really will change and so we’ll go up (the Euro) and finally I will get my TP 1.1850 insight in the days to come. JMV

    Up Up and Away….

    GL & TC

  4. Johnny
    September 18, 2015 at 14:49Reply

    You’re not striking on the back as well are ya @Mark ? Hope to get an update before the close? thanks and GW.

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