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Forex: What to Expect from EUR/USD and Risk After Greece Decision

Forex: What to Expect from EUR/USD and Risk After Greece Decision

2012-11-21 02:47:00
John Kicklighter, Chief Strategist
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The market was eagerly awaiting the release of the details behind the European Union's solution for Greece's funding needs early Wednesday morning. EURUSD and other risk-sensitive currency pairs slowed their recovery as the market faced the imminent release of the news. With technical levels so prominently carved and the chance of a large swell in volatility within reach, many traders have set their expectations for the development of a new and persistent trend. However, it is virtually impossible to develop a lasting trend when underlying market conditions cannot provide the levels of participation needed to carry such a move. We discuss volatility versus follow through in today's video with EURUSD at the center of the conversation.

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