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Strategy Video: EURUSD Break or Reversal at 1.4000 is Investor vs ECB

Strategy Video: EURUSD Break or Reversal at 1.4000 is Investor vs ECB

2014-04-30 21:41:00
John Kicklighter, Chief Strategist
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Talking Points:

• After a heavy round of US and Eurozone event risk, EURUSD is important resistance once again

• Capital inflows and a diminishing ECB balance sheet are keeping the Euro slowly rising

• Bulls however are facing a very real resistance from the ECB who has already threatened the pair

Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.

After a weak showing from 1Q US GDP and a rebound in Eurozone inflation, EURUSD was pushed back up to the top of April's range. This recent move, however, doesn't properly encompass the fundamental, technical and market conditions factors behind this benchmark pair. Nor does it properly reflect its trade potential. The bullish inclination for EURUSD is well founded in investment capital seeking out higher returns in the Eurozone - another 'risk on' factor. Yet, the 1.4000-1.3900 region carries a technical prominence and the ECB's ire. A large scale confrontation is playing out, and we discuss its trading potential in today's Strategy Video.

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