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Forex: EUR/USD Extends Strongest Rally Since 2011 Peak

Forex: EUR/USD Extends Strongest Rally Since 2011 Peak

John Kicklighter, Chief Strategist

Half of the market may be offline next week,but that isn't holding back strong risk-based trends this week. With risk appetite holding up against the lowest risk measures in five years, we have seen a postponement of what would otherwise be a natural correction on liquidity drain. In fact, EURUSD has extended its climb to a seventh consecutive daily advance (the strongest run since April 2011) while the yen crosses have quickly return to their post-gap, multi-year highs. We discuss the trade opportunities of a risk aversion scenario, as well as the requirements for such a move in today's videos.

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