6:14a GMT - EUR/USD did indeed bounce off of yesterdays signal's 1.5050 support and would have provided a quick 50 pips (possibly more, it's at 1.5107 right now). Unfortunately I didn't enter a long as I was waiting for a bullish confirmation candlestick to confirm the long signal. I know some of you did take that long and are now in the profit.

Daily Outlook: For the rest of us, I will look to reset longs with a similar trading strategy around 1.5050-1.5030 support zone. Pair remains within the the bullish channel I showed you yesterday after recently making a new 2009 high - so there is little reason to look for shorts at the moment.

Trading Idea: Looking for entry signal between 1.5050-1.5030 support zone. Targets from 1.5030 at 1.5060, 1.5095 and 1.5130.

(click to enlarge)

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Forex Signals - EUR/USD Longs in the Bull Channel is a post from: PipHut.com