Forex: EUR/USD Has 7 Month Highs in Sight But be Wary of Trend
Volatility continues to simmer behind Forex, equity and other capital markets but we are still lacking the necessary elements for a serious trend. A long-standing lack of participation, a natural withdrawal into the end of the calendar year, mixed back in big-ticket fundamental items and a lack of consistency for risk appetite (bullish or bearish) will sabotage trend development. But what does that mean for pairs like EURUSD which carry a serious fundamental burden and has shown a persistent climb towards multi-month highs? In today's video, we discuss how the backdrop market conditions can shape our markets and how to trade around it.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.