Forex Signals – Euro Dollar Waiting Game

EURUSD Market Outlook

Yesterday’s Forex Signal was not triggered as the price never reached either entry points. Those entry points are still valid and we will continue to monitor them for possible trading signals.

Let’s quickly look at EURUSD daily chart:

Forex Signals(click to enlarge)

Price has been moving inside the range between 1.3870 and 1.3600. Yesterday’s daily candle bounced off from the minor Trendline and never reached 1.3600. This rising Trendline is valid as of writing this Forex Signal.

Forex Signals

With no news impacting Euro or US Dollar today, it is relatively safe to trade if market picks up momentum. Though news releases themselves provide impetus for market participants aka Forex traders to jump in.

Forex Signal :Keep an eye on the minor Trendline for a possible breakout targeting lower end of range at 1.3600. If Trendline manages to hold the price then look for longs until 1.3550-70 area.

Using this Forex Signal is easy, simply use your own methodology along with this analysis to find suitable entry signals. It is all about keeping an eye on the bigger picture.

What does your analysis say? Leave a comment below.

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