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Chinese Bailout Announcement Offers Temporary Carry Boost, Major FX Ranges Still Set (Forex Video)
Monday, 10 November 2008 21:28:10 GMT  |  John Kicklighter, Currency Strategist
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The dollar tumbled through the Asian and European sessions Monday after traders responded to a major Chinese stimulus package. However, technicals prove too strong for the news and aging ranges are pushing the majors closer to major breakouts.

Stories to watch on DailyFX

·          A pull back in volatility doesn't curb the breakout potential seen across the market.
·          See the DailyFX Analysts' top FX setups for the week. What trends have arisen in the daily Analysts picks?

Send any comments or questions to jkicklighter@dailyfx.com. 

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