EUR/USD Signal Update

Yesterday’s signals expired without being triggered.

Today’s EUR/USD Signals

Risk 0.75%

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

Short Trade 1

Go short following bearish price action on the H1 time frame after the first touch of 1.3748.

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

Move the stop loss to break even when the price reaches 1.3705.

Remove 75% of the position as profit at 1.3705 and leave the remainder of the position to ride.

Long Trade 1

Go long following bullish price action on the H1 time frame after the first touch of the bullish trend line currently sitting at around 1.3643.

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

Move the stop loss to break even when the price reaches 1.3684.

Remove 50% of the position as profit at 1.3684 and leave the remainder of the position to ride.

EUR/USD Analysis

Yesterday saw a slight falling off, or at least a reluctance to rise any further. We were unable to break up beyond the resistance zone just under 1.3700. It was a very quiet day overall and this is quite likely to continue as tomorrow we have a release of non-farm payroll data from the USA. In advance of this, USD pairs tend to be fairly dormant. In spite of that, we have had a rise this week.

The wider picture shows we are in another triangle, with an ascending trend line below us at around 1.3643, and an old descending trend line above us currently sitting at above 1.3710. We will probably not get any sustained breaks of either trend line until after the news release tomorrow.

In the meantime, I will be looking for longs confirmed by price action at the bullish trend line, but I will not be looking for a short until we reach 1.3748. The resistance around 1.3700 is uncertain.


There are no high-impact data releases scheduled for today that can be expected to directly affect the EUR. Later at 1:15pm London time there will be a release of the ADP Non-Farm Employment Change, which may affect the USD.

Related Articles
  1. Personal Finance

    Is An Ivy League Degree Worth It?

    In 600 B.C. Aesop determined that a bird in the hand was worth two in the bush. Warren Buffett claims that this axiom can be used to determine the most valuable uses of capital. In this article ...
  2. Investing

    Time to Bring Active Back into a Portfolio?

    While stocks have rallied since the economic recovery in 2009, many active portfolio managers have struggled to deliver investor returns in excess.
  3. Chart Advisor

    ChartAdvisor for November 27 2015

    Weekly technical summary of the major U.S. indexes.
  4. Retirement

    Suddenly Pushed into Retirement, How to Handle the Transition

    Adjusting to retirement can be challenging, but when it happens unexpectedly it can be downright difficult. Thankfully there are ways to successfully transition.
  5. Mutual Funds & ETFs

    The Democratization of the Hedge Fund Industry

    The coveted compensations of hedge fund managers are protected by barriers of entry to the industry, but one recent startup is working to break those barriers.
  6. Investing

    What a Family Tradition Taught Me About Investing

    We share some lessons from friends and family on saving money and planning for retirement.
  7. Retirement

    Two Heads Are Better Than One With Your Finances

    We discuss the advantages of seeking professional help when it comes to managing our retirement account.
  8. Financial Advisors

    Tips on Passing the CFA Level I on Your First Attempt

    Obtain valuable tips and helpful study instructions that can help you pass the Level 1 Chartered Financial Analyst exam on your first attempt.
  9. Professionals

    The Best Financial Modeling Courses for Investment Bankers

    Obtain information, both general and comparative, about the best available financial modeling courses for individuals pursuing a career in investment banking.
  10. Stock Analysis

    These are Twitter's 4 Biggest Bets for Next Year

    Looks at Twitter's plans for 2016 under CEO Jack Dorsey, who has returned to lead the company he founded seven years after he was replaced.
  1. Are secured personal loans better than unsecured loans?

    Secured loans are better for the borrower than unsecured loans because the loan terms are more agreeable. Often, the interest ... Read Full Answer >>
  2. Is Israel a developed country?

    Israel is considered a developed country, although it has substantial poverty and large income gaps. The International Monetary ... Read Full Answer >>
  3. Can personal loans be included in bankruptcy?

    Personal loans from friends, family and employers fall under common categories of debt that can be discharged in the case ... Read Full Answer >>
  4. How many free credit reports can you get per year?

    Individuals with valid Social Security numbers are permitted to receive up to three credit reports every 12 months rather ... Read Full Answer >>
  5. Is the Wall Street Journal considered to be a conservative publisher?

    The Wall Street Journal is controlled by Rupert Murdoch via Dow Jones Publications, which in turn is owned by Murdoch's News ... Read Full Answer >>
  6. Is Spain a developed country?

    Spain is a developed country. Nearly all organizations that analyze development status classify it as such. Spain has a strong ... Read Full Answer >>

You May Also Like

Trading Center