EUR/USD Signal Update

Yesterday’s signals were not triggered as the price never reached either the bullish trend line or 1.3687.

Today’s EUR/USD Signals

Risk 0.75% equity.

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

Long Trade 1

Long entry following bearish price action on the H1 time frame after the first touch of the bullish trend line currently sitting at about 1.3535.

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

Adjust the stop loss to break even when the price reaches 1.3570.

Remove 75% of the position as profit at 1.3570 and leave the remainder of the position to ride.

Short Trade 1

Short entry following bearish price action on the H1 time frame after the first touch of 1.3687.

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

Adjust the stop loss to break even when the price reaches 1.3610.

Remove 75% of the position as profit at 1.3610 and leave the remainder of the position to ride.

EUR/USD Analysis

As expected, yesterday was a very quiet day, with a total range of only about 33 pips on the GMT daily candle, which was hardly more than the range from 4th July, which was a major public holiday. I did write yesterday morning that the area at around 1.3575 might prove to be supportive enough to have set the low for the day and I was right about that. Yesterday was actually the first up day for the whole previous week.

We cannot really take any new information from yesterday except that there is the possibility we might have formed the low for a few days or even the week, although the move up so far can hardly be called strong.

It is likely that we will again have a very quiet day today as there is no important news due for either side of this currency pair.

We are almost halfway between the closest important levels which are currently 1.3535 and 1.3687. My colleague Christopher Lewis agrees with me, saying we are “in the middle of no-man’s land”.


There are no high-impact data releases scheduled for today concerning either the EUR or the USD. Therefore it is likely to be a very quiet day.

Related Articles
  1. Investing

    In Search of the Rate-Proof Portfolio

    After October’s better-than-expected employment report, a December Federal Reserve (Fed) liftoff is looking more likely than it was earlier this fall.
  2. 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 ...
  3. 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.
  4. Chart Advisor

    ChartAdvisor for November 27 2015

    Weekly technical summary of the major U.S. indexes.
  5. 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.
  6. 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.
  7. Investing

    What a Family Tradition Taught Me About Investing

    We share some lessons from friends and family on saving money and planning for retirement.
  8. 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.
  9. 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.
  10. 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.
  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