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EURUSD Breaks 1.3000: A New Bull Trend or Reversal Waiting to Happen?

EURUSD Breaks 1.3000: A New Bull Trend or Reversal Waiting to Happen?

John Kicklighter, Chief Strategist

The risk-sensitive markets resynced Thursday with the Dow Jones Industrial Average and EURUSD leading the way. Revived correlations suggests speculators are back on the same page, but we have to take a hard look at the positive bearing for investor sentiment. With technical resistance nearby and questionable fundamentals adding to a backdrop of larger problems, bullish trends would be a struggle while reversals can ignite momentum. We look at Friday's NFP figures as a possible catalyst for risk trends as well as the growing swell of activity and events next week in today's video.

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

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