Forex Signal For EUR/USD: Bullish Breakout Above $1,1400

Forex Signal For EUR/USD: Bullish Breakout Above $1,1400

Still, the resistance at $1,1456 could be strong.

The reason why the EUR/USD signal was not triggered on Wednesday last week was that there was no bearish action when the price first reached the resistance levels defined as $1,1316 and $1,1336.

Today’s EUR/USD Signals

The risk is 0,75%.
Trades should only be made before 17h00 London time today.

Sales Trade Tips

Sell on the next touch of $1,1456 or $1,1514 immediately after a bearish price reversal on the H1 time frame.
Place the stop loss 1 pip above the local swing height.
Move stop loss even when the trade is 20 pips in profit.
When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.

Forex Signal For EUR/USD: Bullish Breakout Above $1,1400

Buying Trading Tips

Watch the bullish price action reversal on the H1 time frame immediately for the next touchdown of $1,1394 or $1,1353.
Place the stop loss 1 pip below the local swing low.
Move stop loss even when the trade is 20 pips in profit.
When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.