EURUSD trading signals

Jul 25

✨EUR/USD is trading highs near 1.0850 during the European session on Thursday. The pair ignored risk-on market sentiment and dismal German IFO data, finding support from US dollar weakness. Traders are now looking to US Q2 GDP data for fresh guidance.

✨Technically EURUSD is in an uptrend. Our BUY signal is in the critical zone of the EMA combined with the Fibonacci 0.5 retracement level. The starting point of wave 5 of the Elliot wave model with the expectation that the currency pair will reach the resistance level at 1.1000 coincides with Fibonacci 1.272.

BUY EURUSD now zone 1.08500-1.08300
↠  Stoploss 1.08000

→ Take Profit 1 1.08800
→ Take Profit 2 1.09500

Jul 26

Trade active

+ 30 pips runnning

Jul 28

Trade active

EUR/USD stays in positive territory above 1.0850 after US data
EUR/USD clings to modest daily gains above 1.0850 in the second half of the day on Friday. The improving risk mood makes it difficult for the US Dollar to hold its ground after PCE inflation data, helping the pair edge higher ahead of the weekend.

Jul 29

Trade active

Jul 29

Note