Our free forex signals service today is a sell trade on the EUR/USD pair. The EUR/USD pair drops at the time of writing after retesting the broken uptrend line. The USD tries to appreciate as the Dollar Index bounced back. In the short term, a minor rebound was somehow expected after its strong sell-off and ahead of the FOMC meeting. Yesterday, the CB Consumer Confidence was reported at 113.8 versus 111.4 expected, dropping from 115.2 in the previous reporting period. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Federal Funds Rate 0.25% As you already know, the Federal Reserve is expected to keep its monetary policy unchanged in the January meeting. So, the Federal Funds Rate could remain at 0.25%. Still, the FOMC Press Conference and the FOMC Statement could bring high volatility and strong moves. From the technical point of view, the EUR/USD pair rebounded after finding support at 1.1272 level. As long as it stays under the uptrend line, the bias remains bearish. A new lower low, a valid breakdown below the 1.1272 downside obstacle could activate more declines. The currency pair could develop a larger downside movement only if it makes a valid breakdown below the lower median line (lml). Free forex signals – SELL EUR/USD at 1.1255 Free forex signals entry price and takes profit Instrument: EUR/USD Order Type: SELL STOP Entry price: 1.1255 Stop Loss: 1.1387 TP1: 1.1057 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 EUR/USD Price Slumps towards 1.1200 as Hawkish Fed Strengthens USD Saqib Iqbal 4 months Our free forex signals service today is a sell trade on the EUR/USD pair. The EUR/USD pair drops at the time of writing after retesting the broken uptrend line. The USD tries to appreciate as the Dollar Index bounced back. In the short term, a minor rebound was somehow expected after its strong sell-off and ahead of the FOMC meeting. Yesterday, the CB Consumer Confidence was reported at 113.8 versus 111.4 expected, dropping from 115.2 in the previous reporting period. [su_button url="https://www.forexcrunch.com/visit/learn2trade" style="3d" background="#1d44bb" size="8" center="yes" radius="0"]Get FREE Forex Signals Now![/su_button] 3 Free Forex Every Week – Full Technical Analysis… Regulated 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.
