EUR/USD Buffeted by Dollar Rally, Taper Fear, Euro Crisis. Perfect Setup
Friday's NFPs did little to resolve the risk trend standoff surrounding Taper fears, but the markets still respect the risks going forward. With the dollar marking a critical break to multi-year highs, the S&P 500 meandering at a pivotal level and a heavy round of event risk ahead; the markets are flashing trade potential. Yet, the setups we take must first account for the type of markets and bearings of sentiment we forge. In the weekend video we discuss trade setups for risk aversion (USDJPY, yen crosses), positive risk appetite (EURAUD, GBPAUD) and flat markets (NZDUSD, EURGBP) as well as perhaps the perfectly positioned trade setup for any condition EURUSD.
Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.
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