Early signs that the Euro may be headed for a reversal against the US dollar have coinceded with our forex trading signals going short the EURUSD pair. Out of three open positions in the EURUSD, our shorter-timeframe “Range” and “Breakout” strategies have sold, while our longer-term “Momentum” trading system has gone long the pair. This coincides with our Senior Strategist’s technical forecast that the EURUSD could see a short-term retracement.
Keep track of this EURUSD signal and others on our Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates, as our automated forex signals can and do change on a daily and intraday basis.
For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.