Yesterday’s EURUSD Signal Result:
Markets consolidated for the most part yesterday, kicking up a false break and leaving our EU entry drifting slightly above break even.
That EU long was triggered on the 3082 resistance break yesterday and after an initial plunge, is currently sitting at 3087 at the time of writing where we will close out for 5 pips profit.
Our Trade: This latest consolidation (and failure under 1.31) has setup another trending resistance “cap” above current levels. If that “cap” is broken then 1.32 becomes the exposed target. We will get long on a resistance break with a TP of 80 and a SL of 50.
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Today’s Important News Events: