EUR/USD presenting us with a selling opportunity - Forex News by FX Leaders

EUR/USD presenting us with a selling opportunity

Posted Monday, May 30, 2016 by
Skerdian Meta • 1 min read

EUR/USD has jumped about 40 pips in the last few hours. It broke the resistance at 1.1110 overnight reaching 1.1090s but there was no follow through. This morning it has jumped up to 1.1140 which was a fairly solid support level previously and will probably turn into resistance right now. So, that´s a selling opportunity for us and we will open a short term forex signal. 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments