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Trump Jitters Send the Buck Diving

The agenda of Trump was light on the schedule today, but he always his own agenda. The White House announced a press conference for President Trump about an hour ago. 

Well, that was it for our EUR/USD signal. We opened it with good hope that the retrace of the last two days would be over since the H1 and H4 forex charts were severely ovebought. 

The other reason for that signal was the 100 smooth moving average which was doing a pretty good job in providing resistance. But, once the Trump news hit the wires that was it for the 100 SMA and our forex signal. 

He's going to talk about the media and we know how much he hates it. I don't blame him though because media of all sides attacked him ruthlessly during the campaign and yet, there he is ini the White House. 

The forex market doesn't seem to like this, because it might get out of hand, hence the decline in the Buck. It might bring up a decent opportunity though to open a long term buy signal in USD/JPY or a sell signal in EUR/USD. 



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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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