Tension Builds as EURUSD Rests on 1.3000
The evidence of a risk reversal that could produce a series of heavy market swings is building. US oil's incredible tumble this past session adds weight to the retracements we've already seen in AUDUSD and EURUSD earlier this week. However, these individual pieces have so far fallen short of the overwhelming influence necessary to produce the serious breaks that would usher EURUSD below 1.3000 and S&P 500 futures to a break of 1450. That said, stimulus hope is fading and we are wading back into the reality of an economic slowdown. Will we hit this tipping point, and what are the trades for this shift?
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