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DailyFX Home / Video / Daily News Report

EURUSD Drops Below 1.3000, Are We in a Full Blown Bear Trend?

By , Chief Currency Strategist
09 May 2012 23:47 GMT

We have been waiting for the world's most liquid currency pair to give a clear bias - and EURUSD's confirmed move below 1.3000 is tempting evidence. However, as we know, a break and follow through are two separate matters. Where one benchmark has made a significant move (helped along by troubles in Greece and Spain), other measures of capital flows and sentiment are still holding the line. If we are preparing for meaningful and lasting sea change, the burden of confirmation should be higher. In today's video, we discuss what to look for and establish what the key catalysts are.

09 May 2012 23:47 GMT