Our free forex signals service trade today with a buy order on the EUR/USD pair. The EUR/USD pair is trading in the red at the time of writing but this could be only a temporary drop. The price could only test and retest the immediate support levels (resistance turned into support) before resuming its growth. Technically, the Dollar Index remains under strong selling pressure despite reaching the 61.8% retracement level. Fundamentally, the USD is still weak after the US PPI and the Unemployment Claims reported worse than expected data yesterday. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis US Retail Sales In Focus Some poor US data reported today could punish the USD. The Retail Sales indicator is expected to report a 0.0% growth in December, while the Core Retail Sales could register only a 0.2% growth versus 0.3% in the previous reporting period. Also, the Industrial Production and the Prelim UoM Consumer Sentiment could bring high action. Technically, staying above the ascending pitchfork’s median line (ML) and making a new higher high could confirm potential further growth. The R2 (1.1450) stands as a static support level, the EUR/USD pair could reach and retest it before trying to extend its growth. In my opinion, stabilizing below the median line (ML) could signal that the upside movement could be over. Free forex signals – BUY EUR/USD at 1.1487 Free forex signals entry price and takes profit Instrument: EUR/USD Order Type: BUY STOP Entry price: 1.1487 Stop Loss: 1.1444 TP1: 1.1552 My Risk: 1% Risk / Reward Ratio: 1:1.5 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next GBP/USD Forecast: Bullish Above 1.3700 Psychological Level Olimpiu Tuns 3 months Our free forex signals service trade today with a buy order on the EUR/USD pair. The EUR/USD pair is trading in the red at the time of writing but this could be only a temporary drop. The price could only test and retest the immediate support levels (resistance turned into support) before resuming its growth. Technically, the Dollar Index remains under strong selling pressure despite reaching the 61.8% retracement level. Fundamentally, the USD is still weak after the US PPI and the Unemployment Claims reported worse than expected data yesterday. [su_button url="https://www.forexcrunch.com/visit/learn2trade" style="3d" background="#1d44bb" size="8" center="yes" radius="0"]Get FREE Forex Signals… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
