EUR/USD Daily Analysis: Euro consolidated upward yesterday, hitting a high of 1.3642 just a few minutes ago. Bearish trend analysis suggest we will find plenty of offers below 1.3650, the 61.8% retracement of the July 1st-7th drop. A break above 1.37 is needed to re-ignite any strong bullish trend again.
4h Chart
Our Preferred Trades*: We are very close to yesterday “sell zone,” and we are continuing to look to get short between 3640-3670 with bearish confirmation. Alerts will go out if a) a sell limit is placed or b) a sell is entered if we enter at market price.
Long-term Trend Analysis Chart
Yesterday’s EUR/USD SwingPRO Signal Result: No setups triggered yesterday.
Today’s SwingPRO Signal: See preferred setup above. Support breaks preferred as swing setups.
*CandlePRO: CandlePRO can be used in conjunction with our daily analysis and “our preferred trades.” For example, if we prefer “going short” or “selling a rally” then we would look for bearish candlestick signals after a rally or near resistance levels. Alternative if we prefer “going long” or “buying a dip” then we would look for bullish candlestick signals on price drops or near support levels.
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