Trading Signals for EUR/USD on Thursday, July 25 2013


It is such a good feeling to get up and see 50 pips profit in your account. By the way, in terms of percentage, it comes to a 10% profit in my trading account in just 2 days. Yeah that is true, I credited my account on Monday.

As I had posted yesterday, the announcements on U.S data will bring the market down or rather it will strengthen the US dollar.

But interestingly, the market went up when the European data was announced 6 hours earlier to the American.

Today, also the market seems to behave more or less the same way as it did yesterday. Hence, the signals for the day will also be similar to the ones as yesterday.

The announcements for the day are as follows:

From 7 am GMT to 8 am GMT, there will be news and announcements from the European Union. The major ones are the figures on the Spanish Unemployment rate; and the other one being an indicator on the Business health of Germany.
The business health from Germany is a leading indicator of economic health. Since businesses react quickly to market conditions and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

These announcements cause high impact; I therefore suggest staying away from Scalping, and trading only on taking big pips.

Also, just as yesterday, there is also some big announcement coming from the U.S. at 1 pm GMT. The announcements to look out for are the Core durable goods orders and the Unemployment claims.

Hence, in the midst of these the signals for the day are carefully thought off and are not different than what they were yesterday, plus one more signal.

Sell EUR/USD at 1.3301 for a profit of 50 pips; no stop loss.
Sell EUR/USD at 1.3251 for a profit of 50 pips; no stop loss
Sell EUR/USD at 1.3151 for a profit of 50 pips; no stop loss.

Till then stay happy.
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