Free Forex Signals – Watching Three Setups, Bearish USD

EURUSD Daily Analysis: Bulls have the short-term momentum and, with the crowd net short, we see a push toward the 50% retracement (of the recent drop) at 1.14 as the next likely target. Consolidation cannot be ruled out but 1.1260 is our key pivot - above this level we remain short-term bullish on the pair. Below 1.1260 we have 1.1200 and 1.1130 as our key support levels.

4h Chart

Our Preferred Trades*: We are setting an aggressive buy limit at 1.1290 with our SL @ 1.1255 (below key pivot), TP @ 1.1390 (below our ultimate target) for 100 pips.

Long-term Trend Analysis Chart

Yesterday's EURUSD SwingPRO Signal Result: No trades triggered Friday.

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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  1. Profile photo of Jacob
    September 14, 2015 at 10:36Reply

    @piphutsignal: Strongly agreed!

  2. Profile photo of Jacob
    September 14, 2015 at 13:49Reply

    Buying around the 1.13135 area for today.

  3. Profile photo of PipHut Team
    PipHut Team
    September 15, 2015 at 07:32Reply

    We are closing our EURUSD long from 1.1290 at current price (1.1302) for 12 pips profit as bullish momentum is fading. Full analysis with new setup will be out later today.

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