A Slow Morning Today - Forex News by FX Leaders

A Slow Morning Today

Posted Monday, February 6, 2017 by
Skerdian Meta • 1 min read

Good morning on this first Monday of February, guys. After an exhausting week last week with lots of action in the forex market, I decided to just lie down on Sunday,  relax and meditate.

I hope you had enough rest as well and are all set for the new week. Who knows what it might bring; we´re in the era when everything might happen.

So far, the market has been dead quiet, comparing to the last several weeks when we have seen 100, 200 and even 300 pip daily moves.

EUR/USD is probably the forex pair which has moved the most so far. That´s a great coincidence for us, as we had a sell forex signals here.

We opened it last Friday when EUR/USD bulls were putting up an impressive reverse and the price was banging its head against the 50 SMA on the H1 forex chart.

EUR/USD stretched low enough to reach the TP target for our EUR/USD signal. 

It moved above and below it a couple of times and finally decided to make the final move and reach our take profit target. So, it´s been a good start this week after not such a great week.

It´s a bit quiet so it will take some time for another trading opportunity to arise or another forex signal to hit its targets. But, we´re here ready to alert you guys if such an opportunity comes along, and sooner or later, it will come.

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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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