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Yesterday I saw the support level at 1. You can exploit these levels or zones by watching the price action that occurs at the given levels. Short Trades Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1. Put the stop loss 1 pip above the local swing high.

Free Daily Forex Signal For GBP/USD & EUR/USD

EUR/USD Analysis I was correct to take a bearish bias last Thursday, as the price continued to behave technically and respect the long-term downwards trend and key support and resistance levels.

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Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk.

Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review.

In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

Close alert Thanks for following this author! Close alert You've unfollowed this author. You won't receive any more email notifications from this author. Trades may only be taken between 8am and 5pm London time today over the next hour period. Short Trades Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1. Currency trading on margin involves high risk, and is not suitable for all investors.

As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. Close alert Thanks for following this author! Close alert You've unfollowed this author.

You won't receive any more email notifications from this author. Trades may only be taken between 8am and 5pm London time today, during the next hour period. Short Trades Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.

Put the stop loss 1 pip above the local swing high.