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

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

John Kicklighter, Chief Strategist

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.

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

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