Forex Signals – EURUSD Profitable Day

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January 19, 2013 6:48 AM EST

PipHut.com

Recap: Our long got almost 70 pips into the profit yesterday, and we closed out for 52 pips profit (we announced the early close in the comments, on facebook and on twitter). Our GU short, which floated in the negative for most of the day yesterday, sprang into profit this morning and hit all targets for an additional 80 pips.

The pair has made a second failure under 1.34, creating a major resistance there and also possibly creating a double top if we see a sustained break below 1.3250 today. We will stay flat for the rest of today - for the sole fact that we weekend is fast approaching leaving any setups we take very little time to develop - but if we were in the markets we would be looking to get short on a support break.

Today's Important News Events:

DateTime (UTC)EventForecastPrevious
Fri
Jan 18
14:55 USD U. of Michigan Confidence (JAN) 75.0 72.9



*To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar.

Trading Idea: We will stay flat for the rest of today - for the sole fact that we weekend is fast approaching leaving any setups we take very little time to develop - but if we were in the markets we would be looking to get short on a support break.

See you Monday!

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