Video: AUDUSD, GBPUSD and USDJPY Better Trade Options Than EURUSD
• The focus heading into the new week will be the Greek referendum and fears/hope of Euro volatility
• A complex situation is unlikely to yield a clear trend, but other areas of the market are less hindered
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The best trading potential doesn't always follow the most spectacular headlines. In the week ahead, Euro trading will likely prove difficult and unsatisfactory. While the Greek Referendum at the top of our minds and last week's open generated incredible gaps for the Euro crosses, the path ahead is both more convoluted and perceived to be less dire. That means greater difficulty at clarity necessary for trends and a tempered fear that will curb volatility. Opportunity, however, is not in short supply. The US Dollar is not awaiting a key event like a FOMC decision or NFPs and can therefore prove more productive - either carving out a range in a balanced GBPUSD or developing trend for AUDUSD. Risk trends are still developing critical traction with a pattern like the S&P 500 and plunge from the Shanghai Composite. That positions Yen crosses for great potential. And, then there is the Aussie Dollar which marked a critical break on AUDUSD and is prepared with extraordinary patterns for AUDCAD, AUDJPY and GBPAUD. We look at the active trading week ahead in this weekend Trading Video.
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