Daily Outlook: Still bearish and looking to reset my short near resistance. We have resistance at 1.4400 (former support) and 1.4430 (23.6 retracement of December hi/lo) which will provide a nice shorting zone. 1.4450 should cap these levels and if that is broken look for a retest of 1.4500. There is some news to watch out for on the day with US Non-Farm Payrolls at 13:15 and FOMC meetings at 19:00 GMT. Read more at the Forex Calendar.

Trading Idea: Looking for shorting signals in the 1.4400-1.4435 resistance zone with short targets (from 1.4435) at 1.4400, 1.4375, 1.4340 and 1.4305.

(click to enlarge)

Quick Links:

 Sign up for free forex signals via email here
FAQ on these signals

Forex Candlestick Alerts

Forex Income Calculator

Forex Market Hours

Forex Forums

Forex signals from: PipHut.com

Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.