EUR/USD Forex Signal: Bearish Trend Intact as Focus on ECB
The pair will likely remain in the current range for the next few days as traders wait for the ECB decision.
Bearish View
Bullish View
Set a buy-stop at 1.1825 and a take-profit at 1.1900.
Add a stop-loss at 1.1770.
The EUR/USD was little changed in the Asian session as traders weighed the strong US recovery and the upcoming European Central Bank (ECB) decision. The pair is trading at 1.1805, where it ended the week at last week.
The pair will likely remain in the current range for the next few days as traders wait for the ECB decision.
Bearish View
Bullish View
Set a buy-stop at 1.1825 and a take-profit at 1.1900.
Add a stop-loss at 1.1770.
The EUR/USD was little changed in the Asian session as traders weighed the strong US recovery and the upcoming European Central Bank (ECB) decision. The pair is trading at 1.1805, where it ended the week at last week.
E-TRADE
GOLD BUY 1802 SL 1798 TP 1805 TP 1809 TP 1833
#GOLD TP 1 HIT 30 PIPS 💶💵🔥✅✅
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EUR/USD Forex Signal: Wide Bearish Price Channel Holds
The price is weakly bearish below 1.1800.
Last Thursday’s EUR/USD signals produced a nicely profitable short trade from the bearish inside candlestick breakdown off the resistance level identified at 1.1850.
Today’s EUR/USD Signals
Risk 0.75%.
Trades must be taken before 5pm London time today only.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1801, 1.1823, or 1.1850.
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.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
The price is weakly bearish below 1.1800.
Last Thursday’s EUR/USD signals produced a nicely profitable short trade from the bearish inside candlestick breakdown off the resistance level identified at 1.1850.
Today’s EUR/USD Signals
Risk 0.75%.
Trades must be taken before 5pm London time today only.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1801, 1.1823, or 1.1850.
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.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.