Trading Signals for EUR Pairs (August 8 – September 5, 2016)

[analyst75]

EURUSD = Sell

 

EURCAD = Sell

 

EURAUD = Sell

 

EURNZD = Sell

 

EURJPY = Sell

 

EURCHF = Sell

 

EURGBP = Sell

 

NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position size of 0.1 lots would be used (0.01 lots for each $2,000). The breakeven stop is set after about 70-pip profit is made. A trailing stop of 100 pips is set after over 170 pips have been gained. You need to use your technical analysis to know when to enter, since you may want to trade a pair only after your entry criteria have been met.

 

Disclaimer: Trading signals are provided for information purposes only and shouldn’t be construed as trading advice.

 

 

 

 

 

[TitoC]

The single currency has been trending lower since the beginning of the second quarter and has come close to testing this support level of fibonacci numbers trading forex on numerous occasions. The meltdown in Turkey was the straw that broke the camel’s back, opening the door to the deeper slide toward 1.12. There wasn’t much Eurozone data released over the past week but the few reports we had were far from impressive as factory orders and industrial production in Germany tumbled. The calendar heats up in the week ahead with Q2 GDP, CPI and ZEW scheduled for release. However all that will take a backseat to Turkey’s troubles. Banco Bilboa Vizcaya Argentaria, UniCredit and BNP Paribas (PA:BNPP) have the greatest exposure to Turkish debt and many of their loans are unhedged. According to data from the Bank of International Settlements, Spanish lenders are the most exposed followed by Italian and French banks. Over the last year the Lira has lost 33% of its value and its cost of servicing its debt has risen to the highest level in 9 years. If Turkey’s economy crumbles more migrants could be headed to the EU, making Turkey a political and economic crisis for the region. From a fundamental and technical perspective, the euro is vulnerable to additional losses.