EUR/USD Signal Update

There are no outstanding signals.

Today’s EUR/USD Signals

Risk 0.75% equity.

Entries may be made only between 8am and 5pm London time today.

Long Trade

Long entry following bullish price action on the H1 time frame following a first touch of 1.3322.

Put a stop loss 1 pip below the local swing low.

Adjust the stop loss to break even when the price reaches 1.3440.

Remove 75% of the position as profit at 1.3440 and leave the remainder of the position to run.

Short Trade

Short entry following bearish price action on the H1 time frame following a first touch of 1.3442.

Put a stop loss 1 pip above the local swing high.

Adjust the stop loss to break even when the price reaches 1.3325.

Remove 50% of the position as profit at 1.3325 and leave the remainder of the position to run.

EUR/USD Analysis

Following a fairly brief rally during the second half of June during which this pair hit a high of 1.3700, there has been a moderate downwards trend. Early yesterday we made a low which has not been seen since November 2013 at 1.3332. This was close to a flipping support/resistance level at around 1.3325 which produced both weekly highs and lows last year, and the price has risen from there with some momentum, producing a nice bullish semi-pin candle on the daily chart yesterday. This suggests that we are ready now for a rally although it might be brief. The question is whether this will be supported by the data that is due out today around the start of the New York session. If there is nothing to dampen the EUR and the USD data is weak, the price should rise during today’s New York session, but is likely to be quiet until about Noon London time.

There is a flipped resistance level at 1.3442 which would be the likely place for an upwards move to stall, at least initially.


There are high-impact data releases due today concerning both the EUR and the USD. At 12:45pm London time the ECB will announce the Euro’s Minimum Bid Rate. Later at 1:30pm there will be an ECB Press Conference and a release of US Unemployment Claims data.

Related Articles
  1. Taxes

    Retired? 7 Tips for Cutting Taxes Before 2015 Ends

    As 2015 nears its end, here are some financial moves retirees can make before December 31 that can help to lower your tax bill.
  2. Stock Analysis

    The Biggest Risks of Investing in ConocoPhillips Stock

    Understand the risks of investing in ConocoPhillips stock. Learn about how there is a risk of a dividend cut due to lower prices for crude oil.
  3. Investing

    6 High Value and High Dividend Stocks

    Are you looking for stocks that offer regular dividends payments and will appreciate? Here are the top stocks that offer the best of both.
  4. Credit & Loans

    Should I Use My IRA to Pay Off My Credit Cards?

    Cashing in an IRA to deal with outstanding credit card balances may not be the best way, but sometimes it's the best available way. Here's how.
  5. Entrepreneurship

    The Top 5 Women-Owned Businesses in Denver

    Take a look at some of the most successful women-led companies in the Denver metro area, and learn why Denver is a great place for female entrepreneurs.
  6. Investing Basics

    Fee-Only Financial Advisors: What You Need To Know

    Are you considering hiring a fee-only financial advisor or one who is compensated via commissions? Read this first.
  7. Chart Advisor

    2 Short-Term and 2 Longer-Term Trade Ideas

    Two shorter-term and two longer-term trade ideas to consider, based on trends and the possibility of a breakout.
  8. Financial Advisors

    Becoming an Advisor: Why You Should Shadow a Pro

    Meeting with financial advisors and following them during a workday will help you to know if it’s worth the time and effort to make the career switch.
  9. Financial Advisors

    Paying for College: Top Ways to Budget and Save

    Saving for your kids' college education can be complex and expensive. Here are some popular vehicles that help perpetuate college funds.
  10. Financial Advisors

    Financial Fraud: 6 Tips to Avoid It

    A good financial planner should work with you and for you. Ensure you are paying attention if you don't want to be the victim of fraud.
  1. Are estate planning fees tax deductible?

    Estate planning fees may be tax deductible, but only if certain conditions have been met. Internal Revenue Service (IRS) ... Read Full Answer >>
  2. Is Taiwan a developed country?

    As of 2015, the CIA World Factbook has yet to add Taiwan to its list of developed countries. However, many organizations, ... Read Full Answer >>
  3. Is the Philippines a developed country?

    The Philippines is not a developed country. The nation falls behind on every one of the most common metrics used by economist ... Read Full Answer >>
  4. Does dental insurance cover crowns?

    Dental insurance coverage may vary according to the type of plan and the level of benefits that you have elected. Most dental ... Read Full Answer >>
  5. Is South Korea a developed country?

    South Korea is widely regarded as a developed country. A few index providers still classify the country as developing, but ... Read Full Answer >>
  6. Do plane tickets get cheaper closer to the date of departure?

    The price of flights usually increases one month prior to the date of departure. Flights are usually cheapest between three ... Read Full Answer >>

You May Also Like

Trading Center