Looking to AUD/USD and EUR/USD for Short Term Setups Next Week
The markets have avoided reviving dominate trading themes like risk appetite trends and timing the Fed's exit from QE3 despite an immense wave of fundamentals. In these conditions, short-term setups based on clear technical patterns and influential event risk provide better trading potential. With key upcoming releases including the RBA rate decision, BoE Inflation report and 2Q Italian GDP (find these and other events on the DailyFX Calendar); we have plenty of volatility potential to play a one-sided Aussie dollar, force reversal from a range of pound pairings or leverage a breakout from the EURUSD's 1.3300 to 1.3200 range. We discuss the preferred time frame, fundamental approach and setups for next week in the weekend video.
Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.