Another wave of USD selling - Forex News by FX Leaders

Another wave of USD selling

Posted Monday, April 11, 2016 by
Skerdian Meta • 1 min read

The US Dollar bears have had another push in the last couple of hours. EUR/USD reached the resistance level at 1.1450 while the commodity Dollars enjoyed a 60-70 pip ride up. That spike in NZD/USD and AUD/USD smoked our sell signals in these two pairs which is a shame because they both missed hitting take profit by only one mere pip. We got a winning forex signal from the EUR/USD retrace and have just opened another sell fx signal in this pip when it reached the resistance at 1.1445. There´s no reason for the decline so we hope that this move fades. 

NZD/USD jumped about 60 pips but has already given back some of the gains

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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