Today in currency trading the Euro (EUR) strength drove price movement on all EUR pairs. The EUR/USD moved strongly higher, this pair is somewhat choppy but it is starting a new trend on the D1 time frame, and it has upside potential from here. The EUR/JPY also moved strongly higher, this pair has a strong uptrend in place and should continue to the next resistance at 129.50. Since both pairs are in uptrends on the higher time frames, we will continue to provide written forex trading plans to buy these pairs going forward.
The live trading signals you see below are from The Forex Heatmap®, which provides buy and sell signals for 28 currency pairs including the EUR pairs and 7 other currency groups. Having a strong trade entry management system like this allows traders to scale out lots and move stops to breakeven, creating consistent trading profits. Momentum based trade entry systems are superior to all others.
Currency Trading Signals EUR Strength
Currency Trading Signals EURJPY Chart