USD Bulls Sneak in During the Dark

Posted Tuesday, February 21, 2017 by
Skerdian Meta • 1 min read

Last night, I had a quick look at the forex charts before going to bed at around 1 PM GMT. It was dead quiet all day long and it felt like watching paint dry, but at that time, I saw EUR/USD lose about 25 pips in minutes. 

It was a broad USD bid across the board as USD/JPY was crawling higher too. I see now that the Buck has made another leg higher in the last couple of hours. 

I don´t know whether this is a pullback or the USD buyers finally having enough and are now set to take it past December´s highs, or lows if you´re looking at EUR/USD. 

Our AUD/USD was doing pretty good until the USD buyers jumped in last night, but at least it has stalled for now. By the way, I´m looking at USD/JPY and it looks pretty tempting for a short and a long term signal.  

The price seems to have placed a base at 112.50s, which is a good sign to buy long term. For the short term forex signal, some moving averages are providing resistance on the H1 chart, so have a look for yourself and decide whether to take that opportunity. 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Today the situation has reversed completely as Credit Suisse is showing difficulties, which has hurt risk sentiment
5 days ago
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments