EUR/USD: Daily Analysis
PipHut | Jul 30, 2015 06:28AM ET
EUR/USD Daily Analysis: Depending on which price feeds you have access to our long from yesterday was triggered at 1.1010 - but just barely. On our trading feed, our ask price just scraped our pending buy, while on our charting platform our buy missed by a fraction of a pip. Either way, we are closing out that long (PRO alerts were already sent out) as price has failed to produce the pop we were looking for. We are still short-term bullish on risk appetite toward 1.1130 resistance and the technical failure at 1.08, but we are setting our buy just above the 50% retracement mark (50% at ~1.0970) and our SL below 1.0950 in order to give the trade a little more room to breathe.
Only below 1.0930 do we view the bearish trend as intact again and would then begin looking to sell down to 1.08 support.
Our Preferred Trades: Pending buy at 1.0980, SL at 1.0945 (35 pips), TP at 1.1080 (100 pips).
Yesterday's EURUSD SwingPRO Signal Result: Our long was barely triggered at 1.1010 and close out at 1.1041 for 31 pips.
Today's SwingPRO Signal: See preferred trades section above.
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