A wave of USD selling this morning - Forex News by FX Leaders

A wave of USD selling this morning

Posted Tuesday, April 26, 2016 by
Skerdian Meta • 1 min read

The US Dollar is feeling weak this morning. EUR/USD is up 40 pips from the lows in the Asian session while the commodity dollars and the British pound are up nearly 60 pips against the Buck. There´s no apparent reason for this USD decline so we think that it will slowly fade away. In fact, the decline has already stopped and it looks like a reverse is starting to take place as I write. Too bad the USD/JPY forex signal has been smoked, but we think that the other live signals will hit take profit soon. 

The smooth 100 MA in EUR/USD is providing solid resistance

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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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