I'd like to see the bears extend this recent downturn a bit further with a close below 1.2750 to give me more confidence in a medium-term bearish trend. I'm still short-term bearish but I'm moving my key level down to 1.2875 from 1.2900 - If it stays below this level I will remain bearish.

As always CP users can check for intraday candles to trade and don't forget to check the forex calendar to avoid event risks.


Trading Idea: Currently still have a short open but will look to add with a short with confirmation from 1.2875 with targets at 1.2850, 1.2820, 1.2790 and 1.2760 for 115 pips profit.

A very aggressive trade would be a long on a close above 1.2900 on the 1h or 4h charts targeting 1.2990 for 90 pips total.

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Source: Forex Signals - EUR/USD Resistance Holds
Forex signals from: PipHut.com