EUR/USD Signal Update
Yesterday’s signals were not triggered as the price never reached 1.1337.
Today’s EUR/USD Signals
Risk 0.75%
Trades must be taken from 8am until 5pm London time today only.
Long Trade 1
Long Trade 2
EUR/USD Analysis
I warned yesterday about using 1.1400 as resistance as it was looking unclear but it has been holding again. The medium-term picture is an ongoing consolidation between 1.1440 and 1.1337, the latter of which can still be expected to act as support. It is quite possible to scalp shorts off 1.1400 in the meantime but I would not look for any more meaningful short trades there but instead hope for a pullback to 1.1337 or even 1.1302 which looks stronger.
There is nothing due today concerning the EUR. Regarding the USD, there will be a release of ISM Non-Manufacturing PMI data at 3pm London time.