EUR/GBP Signal is Back in Green - Forex News by FX Leaders

EUR/GBP Signal is Back in Green

Posted Thursday, August 31, 2017 by
Skerdian Meta • 1 min read

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.  

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