US unemployment claims reactivate the USD bulls
The USD bulls have taken some time off in the last 3-4 days since EUR/USD broke below 1.11 during early Asian session on Monday. The drop in the durable goods orders on Tuesday cast a shadow on the rate hike decision by the FED and might have scared them off. So the USD pairs have been in an upside correction from Monday to Wednesday evening. But yesterday the US unemployment claims fell nearly 40K
We used this turn of events to our benefit. We have issued a few sell signals on these pairs and they have hit the profit target mostly. The US advance GDP is due later today and if that beats the expectations like it has recently done, the USD bulls will have one more reason for action. Our opinion is that we´ll see another move down in the pairs we mentioned above, so we are planning to issue more sell signals in the next 5-6
ABOUT THE AUTHOR
See More
Sidebar rates
Add 3442
Add 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals