Watch USDJPY, GBPUSD Should Dollar Reverse Higher
The USDollar dropped for a fifth consecutive day Thursday - matching the longest slide since January 2012 - despite a stable view on risk trends and Taper speculation. That marks the greenback as potentially fundamentally oversold. In today's video, we look at the backdrop that will guide the dollar and the technical setups that have presented themselves across the majors and yen crosses.
Find out what event risk can threaten the trade setups talked about in today's video with the DailyFX Economic Calendar.
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.