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EUR/USD Moves Towards a Breakout, But Timing on Taper Critical

EUR/USD Moves Towards a Breakout, But Timing on Taper Critical

John Kicklighter, Chief Strategist

The S&P 500 has extended its longest bullish run in over 8 years and EURUSD has worked its way into a terminal breakout pattern. Whether you ride momentum or are a contrarian trader, there seem remarkably appetizing trade setups establishing themselves across the market. However, playing these technical formations without appreciation of the fundamentals needed to generate follow through could prove disastrous. In today's video, we discuss what the key event risk for the market is this week and how it will shape trading opportunities before, during and after its release.

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

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