Why EUR/USD Struggles Below 1.3000 and Expecting a GBP/USD Breakout
The market-wide risk-based trend potential we were lured with last week continue to dissipate. This underlying current between return and volatility is lurking, ready to spur committed and heavy trends across the board; but until we find a catalyst that drives the collective sentiment to panic or greed, we are left to scheduled event risk and short-term technical patterns. The fundamental push and pull is a primary reason EURUSD bears have not capitalized on the 1.3000 break, USDJPY continues to rise dangerously towards 100 and GBPUSD is likely to see a short-term break. We discuss trade potential under these market conditions and what sparks can drive the deeper 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.