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EURUSD and GBPUSD Open to Steep Bear Trends if Equities Falter

By , Chief Currency Strategist
29 September 2012 01:49 GMT

Volatility is slowly starting to fill out after the painfully slow Summer trading period, but a clear trend is still elusive for the broader markets. However, with the fundamental heat rising into an important fourth quarter; congestion and trends that were developed on thin participation are looking increasingly prone to breakout and possible reversal. The threat is particularly intense for risk benchmarks like the Dow Jones Industrial Average - a benchmark for investor sentiment. If risk trends succumb to their own weight this week, we have very attractive setups in EURUSD and GBPUSD ready to take advantage of the situation.

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29 September 2012 01:49 GMT