Forex Strategy Video: Is EURUSD a Range, Breakout or Trend Candidate?
• There are three general market types: range, breakout and trending
• The three are separated by technical depth, fundamental event risk and general market activity
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Most retail speculators seek out the rush and potential of breakout setups; but such trades can be risky, ill-established and scarce. There are three general market types - range and trend in addition to breakout - and there is always an opportunity in each category if you know where to look and what to look for. Where do you think EURUSD fits in this scheme? How about GBPUSD, the Yen crosses and S&P 500? We look at these different market types and highlight different pairs that best fit the requirements in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.