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What Would it Take for EURUSD to Join a Collapse in Risk?

What Would it Take for EURUSD to Join a Collapse in Risk?

John Kicklighter, Chief Strategist

We are in that critical phase where a correction in underlying sentiment trends decides whether it stops here or graduates into a true reversal. Technical traders recognize the patterns. Various assets and pairs are showing hesitation at resistance that used to stand as former support. Now we move on to US earnings and Chinese GDP to fill in as timed catalysts where vague drivers like the European financial crisis take time. Be ready to jump as these markets are wound up tight - and the eventual outcome for risk trends isn't as secure as many may suspect.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.