EUR/USD breaks daily extremes - Forex News by FX Leaders

EUR/USD breaks daily extremes

Posted Wednesday, May 25, 2016 by
Skerdian Meta • 1 min read

EUR/USD has been trading in a tight range most of the day today. But, a couple of hours ago it broke yesterday´s low at 1.1130. I thought this was going to be the breakout but it only moved two pips below support. Then, it reversed back up reaching 1.1166. That presented us with an opportunity to open a sell signal. Let´s see now how that trade evolves. 

EUR/USD extended the daily range in the last two hours

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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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