Forex Strategy Video: EURUSD Flashing Breakout Warnings
EURUSD has proven surprisingly stable over the past few weeks despite tumult seen in other benchmarks like the US equity indexes and the yen crosses. That stability may ultimately prove complacency however which sets the pair on a countdown to a return to 'normal' - or in trader vernacular: 'it's a breakout risk'. We discuss the evidence of the breakout threat - from the technical congestion patterns to the extreme drop in implied volatility - along with what catalysts to watch and strategy to use in today's Forex Strategy video.
Find out what important event risk lies ahead for EURUSD and how it releases with the DailyFX Economic Calendar.
Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups!
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.