Our EUR/USD Signal Survives another Bullish Attack - Forex News by FX Leaders

Our EUR/USD Signal Survives another Bullish Attack

Posted Tuesday, February 28, 2017 by
Skerdian Meta • 1 min read

Last evening, our EUR/USD signal missed reaching SL by 1 mere pip, but then the price reversed at 1.0631 and everything looked great. This forex pair started sliding and was headed towards the TP target, but guess what? It missed it by a pip, again.

Today the 50 SMA on the H1 forex chart has been providing support since the early hours of Tokyo trading session and in the last few hours, the bulls had another go at the top side.

1.0630 has turned into a strong resistance level

We again missed the SL target by 1 pip. I guess the market is playing with our feelings. We must have closed it last night manually when we were about 20 pips in profit, but who knew?

Anyway, we survived the latest bullish attack and again this forex signal is looking OK. The 100 SMA (in red) on the H4 chart stubbornly held its ground for the second time in two days. Let´s hope EUR/USD buyers get discouraged by this and finally let go.

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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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