Things are going great though, with traders strategizing about the best ways to integrate with their trading strategies. It is powerful, so there are a lot of different ways to use it.

Daily Outlook: EUR/USD is mixed at best today and caution is advised. Medium term trend is still bullish, but it has lost some momentum in the short-term with a retracement to the 1.30 area becoming more likely. It is Friday so I will stay out of the markets (and get some much-needed sleep!).


Trading Idea: I think all trades are fairly aggressive today, but if I were determined to trade my primary trade would be a short on another failure (or bearish candlestick for CP users) of 1.3200 as the pair has failed to close above this level on the 4h charts a few time. From 1.3200 short targets would be 1.3175, 1.3145, 1.3115 and 1.3085 for 115  pips profit

For CandlePro users: that bearish engulfing on the UJ is enticing. The pair has been in a strong downtrend recently. Only real threat to the trade, technically speaking, is the strong daily support between 84-86 but that gives plenty of room for various TP levels.

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Source: Forex Signals - EUR/USD Mixed Signals
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