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EURUSD and AUDUSD Toe the Line for Bear Trends as Risk Drops

EURUSD and AUDUSD Toe the Line for Bear Trends as Risk Drops

John Kicklighter, Chief Strategist

Finally, some headway on risk trends. After a week of strained congestion at multi-year highs, the benchmark S&P 500 slipped support and spurred risk-sensitive EURUSD and AUDUSD to life. The biggest drop in investor sentiment three months and it occurs from elevated heights. Is this the sign for a serious trend reversal we have been waiting for? What pairs are best positioned for a meaningful bear trend behind risk? What pairs are best positioned for a curbed confidence shift and return to congestion? We discuss this and more in today's video.

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