Saxo Group Videos

Tips on shorting the market in EURUSD and the DAX

After last week's mini meltdown in the markets, Central Banks did all they could to soothe the markets. This sparked a relief rally in equities and risk-on currency pairs. Thomas Light from Faraday Research says this has created some attractive trading opportunities in EURUSD and the German DAX.

Starting with EURUSD, Light says last week's retracement has taken prices back to previous structural support at 1.28. He says this a "great level to short the market" particularly given the strength of EURUSD's down trend.

Moving on to the German DAX, Light says the 'head and shoulders' pattern he identified a few weeks ago is working well. He says any retracement up into 9,000 will create an opportunity to short the markets at very attractive levels of risk award.

01:34 minutes
Tags: bank of england, boe, central bank, central banks, currencies, currency, currency market, currency markets, currency pair, currency pairs, currency trading, dax, dax index, dax index trends, dax price, ecb, equities, equity, equity market, eur, euro, euro dollar, eurodollar, european central bank, eurozone, eurusd, eurusd trends, faraday research, fed, federal, federal reserve, foreign exchange, forex, forex market, forex markets, forex trading, investing, investment, investment strategy, investments, investor, investors, market, market reaction, market volatility, markets, prices, rally, retracement, saxo, saxo bank, saxo tv, saxotv, share price, shares, shares prices, short, trading, tradingfloor.com, us dollar, us economy, usd, volatile currencies, volatility, volatility forex

Switch to