Forex Signals – EURUSD Frothy February

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February 7, 2013 6:01 AM EST

Recap: We made back a solid chunk of our pips yesterday on EU and AU. Our long was triggered on the 3517 resistance break yesterday and got within 2 fractional pips (0.00002) of hitting our 80 pip TP. We close manually a few hours later (we weren't going to risk an entire position for 0.00002 pips!) but for only 53 pips instead of the full 80.

Technicals are very mixed at the moment, and with no good S/R to trade off of we will sit on the sidelines for EU until tomorrow's setups come out.

We are keeping our UCHF long open for the time being as well.

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Trading Idea: Flat for the day until a better swing opportunity emerges.

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