EUR/USD Trading Strategy

Forex Signals - EURUSD Getting Short

Sorry about our technical difficulties yesterday with the free EU signal! While PRO members were able to read the EU signal just fine there was an error message being displayed on our main page for free users. We apologize and it should be sorted out now! Our short from yesterday got 25 pips into the profit before reversing on us to hit our trailing SL for a 25 pip loss.

By PipHut | May 22 | PipHut.com

EUR/USD Weekly Outlook and Trading Idea

EUR declined last week and briefly broke below 1.2670 level but then rallied back above it. Our previous wave count suggesting a rally twd 1.3720 is still possible (because we finished the week abv the 1.2670 level). However, I know think that is not the most likely scenario. It appears the most likely scenario is the one presented above.

By Alexander Nikolov | May 21 | TrendRecognition

Forex Signals - EURUSD Back to the PIIGS

Our short from yesterday was triggered on the 10:18 support break, which closed well below our support so we kept the short open (instead of closing it as a false break). Patience has paid off as the pair is currently 50 pips in the profit and appears to still be bearish. With the weekend fast approaching we will close out at 50 pips profit.

By PipHut | May 18 | PipHut.com

Forex Signals - EURUSD Consolidating

We stayed flat yesterday on EU as no support formed and the pair's technical outlook was mixed at best, which is why price action simply consolidated and barely moved all day. The pair is still in a clear technical downtrend and the question, as always in forex, is when will this turn around (o...

By PipHut | May 17 | PipHut.com

Forex Signals - EURUSD Intraday Update

We took Tuesday's long trade on the chin for -50 pips as the pair broke our resistance level and then almost immediately continued downward. We were bearish on the pair, as we stated, but thought the oversold hourlies would provide us enough of a platform to bank some long pips.

By PipHut | May 16 | PipHut.com

Forex Signals - EURUSD Deja Vu

Our analysis and setups are very similar to yesterday as not a whole lot has changed: the pair is in a nice technical downtrend with consistent lower lows and lower highs. Fundamentally this downtrend has been brought about by the recent Greek political woes and the increased likelihood of a Greek exit from the Eurozone.

By PipHut | May 15 | PipHut.com

Forex Signals - EURUSD Greek Euro Worries

The resistance is still intact but we are bearish on the Euro at the moment as Eurozone confidence appears to be about to take a large drop among investors (more so than it already has). Germany and Greece are playing a game of chicken over the bailout package after the latest Greek elections, and the threat of a partial EU breakup seems to be more real now than it has been at any time this year.

By PipHut | May 10 | PipHut.com

Forex Signals - EURUSD Dollar Strength

Our long was triggered yesterday at 17:45 on a resistance break, which got 20 pips into the profit. The entry candle then closed below our resistance (false break), which caused us to close the long for a 20 pip loss.

By PipHut | May 09 | PipHut.com

Forex Signals - EURUSD Hitting the Fan

Given the USD strength and bearish technicals we are still bearish and primarily looking for reasons to get short. That being said we've seen a decent falling resistance form and we will take an aggressive long on a resistance break (perhaps to close the weekend gap?) with targets at 20/20/20/20 for 80 pips profit.

By PipHut | May 08 | PipHut.com

EUR/USD Weekly Outlook and Trading Idea

EUR was quite weak last week and puts our Short-Term bullish case into a quistion. With the sell-off at the end of the week, the trend on the daily chart is best described as weak downtrend. You can also see that the daily oscillators are all pointing down - overall not a healthy picture. Still, as long as the prices hold abv the key 1.3000/1.

By Alexander Nikolov | May 07 | TrendRecognition

Forex Signals - EURUSD Mixed Friday

Our long from yesterday's signal was triggered at 3160 on the resistance break, right around the interest rate volatility, and quickly jumped to 20 pips in the profit before settling around 3150 for the remainder of yesterday and well into this morning. After going nowhere for 12 hours we closed out the long for a 10 pip loss.

By PipHut | May 04 | PipHut.com

Forex Signals - EURUSD Bearish Consolidation

No trades were triggered from yesterday's signal as the price never rose enough for us to get a good short price. Price continues to consolidate after the large drop from yesterday morning.

By PipHut | May 03 | PipHut.com