Forex Signals Brief for Nov. 30: Euro Trades are In-Play
Rowan Crosby • 2 min read
It was a busy day on the forex signals front as both economic data and central bank speakers kept traders on their toes.
The FX Leaders Team opened a number of new positions with the EUR featuring heavily. We also ending up hitting out take profit targets on two out of three signals which was a great result.
The Kiwi was one of those winners and it yet again proved to a money spinner this time to the long side. We also found a nice spot in the GBP/JPY. Gold finally turned the corner and sold off hard and our short signal is now looking pretty healthy which is great.
Opportunities continued to flow and the boys opened a new sell signal in the EUR/USD on what looks like a really nice entry. There’s also a current open position in the EUR/CHF that is tracking along well.
Markets are really busy at the moment and there is plenty happening so keep the forex signals page open for all the very latest trading opportunities.
And as always Arslan has some excellent trade setups in the wind as well as his take on the important economic data, so make sure you check it out
Forex Signal Watchlist
EUR/USD – The Euro has retraced its gains from last week and a rebounding dollar has set us up for a nice short position. We currently have a sell signal active.
EUR/CHF – This pair is trading higher and we are looking to play the trend. We have an open buy signal out.
GBP/JPY – The pound rallied over the last couple of sessions and we are getting overextended to the upside.
EUR/JPY – We are still eyeing a long position if the price right.
Gold – We made a strong move lower in trade yesterday and this put our gold trade back on track. We are still targeting 1273 to the downside here.
Live Forex Signals
EUR/USD – Euro Falls
The Euro has been strong over the last week, however, the USD is bouncing back. In fact, after the big spike, the EUR/USD has really been selling off slowly but surely. On the shorter-term charts, the EUR/USD is bearish and we are looking for more downside to come in today's session.
EUR/USD – 240 min Chart.
Gold – Finally Sells Off
We’ve been riding this gold trade for about a week now and we finally had the sell-off that we had been anticipating. The USD has been a little stronger and it finally broke the back of the yellow metal. We are still targeting a downside move to 1273. Market Sentiment might help this one further.