EURUSD Setups Up Range Above 1.2500 Before Key Volatility, Break
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.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.