US Dollar buyers still in charge - Forex News by FX Leaders

US Dollar buyers still in charge

Posted Sunday, May 29, 2016 by
Skerdian Meta • 1 min read

The US Dollar bulls are still in charge this morning, EUR/USD broke to new lows, while USD/JPY is challenging new highs. We opened a sell forex signal in US/CAD because the oil prices have been on the surge in the last few days. The CAD hasn´t taken full advantage but with the USD retrace coming up we think it will gain a few pips and hit take profit.

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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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