Trading Video: EURUSD and EURJPY Positioned for Big Moves, Await Liquidity
• Liquidity is already starting to withdrawal from the markets as the world counts down to the New Year
• Well-formed fundamental themes and technical patterns are dry powder awaiting the spark of liquidity
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A few final jolts of volatility from the FX market have positioned us for tremendous technical and fundamental opportunities when liquidity returns. However, on New Year's eve, both high profile short-term technical setups like EURJPY and pent up fundamental dams like EURUSD are equally powerless to catalyze their potential energy. With an appreciation of the liquidity element in 'market conditions', we focus on Euro and Yen crosses positioned for fireworks heading into 2015 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.