Trump Jitters Send the Buck Diving
Skerdian Meta • 1 min read
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.