How to Trade EUR/USD in Tomorrow’s London Session

Background (15 minutes): Strong

Support: 1.0400

Resistance: 1.0479


Trading Euro/Dollar in London Session

Euro/Dollar 15 minutes


Euro/Dollar just broke out from an important accumulation pattern of the last few sessions, that peaked at 1.0418.

  1. At point 1, we can see that the breakout was on good volume. Together with the buying seen in the pattern’s lows, this shows strength, and we should be looking for a long trade at the moment.
  2. This was a testing bar, testing for supply at the resistance. If prices keep staying above 1.04182, there is probably not enough supply for a downtrend, and we can expect further rises in prices.


Suggested Strategies

  • Look for a low volume down bar, or a demand bar by tomorrow’s London session, for a long position. Make sure to close any trades before 1:30pm GMT, as unemployment claims and the final GDP numbers for US are coming out.
  • If prices dip below the critical price 1.0418, re-evaluate depending on what happened during the most recent news.


If you wish to trade EUR/USD with our indicators for free, you can try it here.


Write a Comment

Fields with * are required

Leave a Reply