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Forex: EURUSD Makes a Move below 1.2800 before US Election

Forex: EURUSD Makes a Move below 1.2800 before US Election

John Kicklighter, Chief Strategist

We have seen the ravages of volatility that followed the release of last week's NFPs. However, whether we are looking at EURUSD, the US Dollar or Dow Jones Industrial Average; we still find a lack of conviction to the most critical aspect of trend and momentum development: risk trends. Current market conditions are testing traders' patience and strategy - especially with the tempting technical breaks we are starting to see pop up across the market. With the media now on full press coverage for US elections, traders are wondering whether this event can prove the catalyst for general sentiment and thereby market-wide breakouts. We discuss this event risk and sentiment trends in today's video.

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