EUR/USD Forex Signal

EUR/USD Signal Update - Yesterday’s signals were not triggered as none of the identified levels were reached during that session.

Today’s EUR/USD Signals

Risk 0.75%.Trades may only be entered before 5pm London time today.

 Long Trade 1

Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.0418.Put the stop loss 1 pip below the local swing low.Adjust the stop loss to break even once the trade is 20 pips in profit.Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.

 Short Trades

Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.0479 or 1.0520.Put the stop loss 1 pip above the local swing high.Adjust the stop loss to break even once the trade is 20 pips in profit.Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.

EUR/USD Analysis

The market came back online with yesterday’s New York session, and although the Dollar was broadly holding its own, the Euro rose which has pushed the price up, despite the long-term downwards trend.The price has reached and rejected the resistance level at 1.0479 during the Asian session and if this is retested and rejected again during the London session, it could be a perfect opportunity to get short in line with a possible resumption of the long-term trend.

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