Strategy Video: Trading EURUSD and the Dollar Post FOMC
• Technical patterns and general fundamental drifts remain, so breakouts are still highly likely
• Now the focus returns to volatility and unpredictable changes in sentiment to trigger these moves
Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups.
The Fed doused perfect, short-term breakout setups for EURUSD, GBPUSD, NZDUSD and a range of other pairs. Yet, just because the central bank won't provide the definitive spark to develop these moves, doesn't mean that the market will simply forget the tension build up in the technical, fundamental and market condition mix. The risk and opportunity of short and medium-term trade development are still exceptional, but the markers that will guide the trade progression will change. We discuss what pairs are still primed for trade potential and what signals to watch 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.