Forex Signals – EURUSD Flat Friday

Recap: PRO Members: Watch your inboxes this weekend for some profitable emails!

No trades taken yesterday in EU as their were no solid S/R lines worth trading. Price didn’t go very far in either direction for long, with a minor bullish rally being counteracted by a minor bullish action.

Our outlook on the pair remains unchanged: bullish in the short-term as long as the intraday rising support (bottom blue line on our chart above) remains unbroken. That puts 1.29-30 in play in the next few weeks, with that bottom support currently around 1.25.

Today’s Important News Events:

DateTime (UTC)EventForecastPreviousGBP BoE/GfK Inflation Next 12 Mths (AUG)USD Change in Non-farm Payrolls (AUG)GBP NIESR Gross Domestic Product Estimate (AUG)*To see a more extensive list of news events (not just those we consider important), visit our forex calendar.

Trading Idea: There is still no clear short term S/R line for us to trade so we will remain flat on this pair – especially since it is Friday, and look to pick up the trades on Monday.

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Forex Signals – EURUSD Mixed Friday

Recap: Our long from yesterday’s signal was triggered at 3160 on the resistance break, right around the interest rate volatility, and quickly jumped to 20 pips in the profit before settling around 3150 for the remainder of yesterday and well into this morning. After going nowhere for 12 hours we closed out the long for a 10 pip loss.

Today’s Important News Events:

DateTime (UTC)EventForecastPreviousAUD Reserve Bank Board – Statement of Monetary Policy EUR Euro-Zone Retail Sales (YoY) (MAR)USD Change in Non-farm Payrolls (APR)*To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar.

Technically speaking the outlook is mixed at best. We had a very bearish support break earlier this week and that has us leaning bearish now, but the consolidation yesterday showed that the market is still undecided.

Trading Idea: Since it is Friday we will not be entering any new trades, but if we were we would be looking for reasons to get short as we are still bearish on the pair. No good S/R lines at the moment.

Have a good weekend and the site will likely be down for some upgrades this weekend. We are getting a new home page, new pro dashboard and more. See you Monday!

Get alert when daily signal comes out
READ ME: How to trade PipHut’s Daily Signal

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View the original article here