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.
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