EUR/USD Signal Update

Yesterday's signals expired without being triggered as there was no bearish price action when the price first hit 1.1035.

Today's EUR/USD Signals

Risk 0.75%

Trades may only be made before 5pm London time today.

Long Trade 1

Long Trade 2

EUR/USD Analysis

I wrote yesterday that “some break to the upside later today or this week I think is quite possible” and this is what happened. Although the broken trend line initially got chopped around a little, the price did then fall back to it and launch upwards again off it, so I see this trend line as still valid and a possible launching pad for further longs. Below that, I see the next really significant support at 1.0930.

I do not see any good resistance before 1.1292 and there is plenty of bullish momentum, so the line of least resistance looks clearly upwards.

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