EUR/GBP Signal is Back in Green

When a trade is in green it means that it is in profit right? Well, our EUR/GBP signal is back in green now after being in red (loss) for a few hours.

This is the second forex signal in this pair today; we had another one that we opened last night, which closed in profit this morning as GBP/USD dived around 80 pips. That dive gave EUR/GBP a boost and our signal hit take profit.

But the Euro was soon to follow the GBP downward and this forex pair turned around. We opened our second buy signal at 0.9206 a few hours ago, but the price continued to slide and it briefly dipped below 0.92.

This chart looks pretty bullish now

Although, now EUR/USD is bouncing from the 200 SMA on the hourly chart and that´s giving EUR/GBP another boost. We have climbed above 0.92 now and have taken out the 100 SMA (red). So, our second signal looks pretty good and hopefully we will have another winning signal in this pair today.  

ABOUT THE AUTHOR See More

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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