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DailyFX Home / Video / Daily News Report

EURUSD Setups Up Range Above 1.2500 Before Key Volatility, Break

By , Chief Currency Strategist
05 September 2012 02:48 GMT

There is a significant contrast between the recent performance of AUDUSD and EURUSD. The former is carving out an incredible, bearish trend that deviates dramatically from broader market conditions. EURUSD is more in-tune with the state of risk trends and fundamentals - cooling between the barrage begins through the end of the week and into the week beyond. You don't have to look hard to find trading opportunities on both sides: EURUSD offering a range, EURJPY prepared for break Thursday and AUDUSD exposed to a rapid move whether it be trend acceleration or reversal. We discuss the approach we should take over the critical, next 48 hours.

05 September 2012 02:48 GMT