We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Mixed
Gold
Bearish
Oil - US Crude
Mixed
Bitcoin
Bullish
More View more
Breaking news

US and China Reach Deal in Principle

Forex: EUR/USD Offers Trade Potential if Risk Trends Rise or Fall

Forex: EUR/USD Offers Trade Potential if Risk Trends Rise or Fall

2012-11-16 04:28:00
John Kicklighter, Chief Currency Strategist
Share:

Just when it seems that we are starting to see the kind of risk-based move that can provide a lasting, market-wide trend; market conditions threaten to put the move on ice. That could stall the early bull run for the US dollar and return pairs like EURUSD and AUDUSD to the chop that has plagued Forex traders for months. Next week's US holiday (Thanksgiving) historically drains the market of speculative conviction. Pair that with the possibility of short-term relief for Greece and/or a delay in the Fiscal Cliff worries and congestion may be the name of the game. To lay out trade potential for all possible outcomes, we discuss setups for continued risk aversion (EURJPY, AUDUSD, etc); a rebound in risk (EURUSD, GBPJPY, etc); and pairs not beholden to the common speculative tide (AUDNZD, AUDCAD, USDJPY).

New to FX? Watch this Video

Sign up for John’s email distribution list, here.

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

DISCLOSURES

News & Analysis at your fingertips.