Forex Strategy Video: Expect a Dollar Heave? Pick the Correct Major
• With a focus on the Fed's Taper, Friday's NFPs release can offer a fundamental spark for volatility
• Whether you think the dollar will topple or rally, you should pick the correct pairing
Activity levels on the US Dollar have grown exceptionally quiet within a well-developed congestion pattern. That is a serious risk / opportunity given the level of event risk scheduled this week. Friday's employment report in particular threatens to leverage volatility and in turn forge a breakout with follow through potential. Opinions differ on how the technical patterns and fundamental catalysts will guide the dollar, but there is inherently better potential on the bullish and bearish side depending on what pairing you look to. We look at the 'majors' from EURUSD to AUDUSD to determine which are the best 'long dollar' and 'short dollar' setups.
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.