Trading Video: Expect Major Moves from EURUSD...Just Not This Week
• While fundamentals and technicals point to sea changes, market conditions suggest 'not yet'
• EURUSD is the personification of potential with major tech levels and oppressive themes
• With Christmas this Thursday and New Year's Day next Thursday, trading conditions will be warped
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Few pairs embody the potential building in the FX and global markets like EURUSD. It is currently testing a major technical pattern and fundamental themes threaten a medium-term break with plenty of potential for follow through. Yet, whether we are talking EURUSD, USDJPY, Dollar, the S&P 500 or any other number of important benchmarks presenting promise or risk; liquidity presents a wrinkle in setups playing out through the immediate future. We look at trade potential of the market's most liquid currency, currency pair and prominent equity benchmark with special attention to timing in today's Trading Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.