Forex Signal For EUR/USD: Showing Significant Resistance at $1,0121.

    Forex Signal For EUR/USD: Showing Significant Resistance at $1,0121.   The European Central Bank's ( ECB) meeting this Thursday is expected to be important for the EUR. The previous EUR/USD signal issued last Tuesday gave a profitable long trade above the identified support level ($1,0000) on the pair.  

Today's EUR/USD Signals

 

• The risk is 0,75%.
• Transactions must be made before 17h00 London time today.

 

Sales Trade Tip

 

• The next touch of $1,0121 or $1,0221 is immediately followed by a bearish price reversal on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Set a stop loss even when the trade is 20 pips in profit.
• When the price reaches 50 pips in profit, remove 50% of the position as profit and let the rest of the position last.

 

Forex Signal For EUR/USD: Showing Significant Resistance at $1,0121.

 

Buying Trading Tips

 

• Buy on the next touch of $1,0073, $1,0042, or $1,0000, immediately after the bullish price action reversal on the H1 time frame.
• Put the stop loss 1 pip below the local swing low.
• Set a stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, remove 50% of the position as profit and let the rest of the position last.

   

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