| Videos | Channels | Search |
Faraday: EURUSD volatility may offer opportunities
Thomas Light from Faraday Research expects a volatile week for EURUSD, which may offer some trading opportunities, he says.
Looking at the weekly candle chart, the market remains in a strong downtrend despite the March/April rally, Light says. He believes that the sharp sell-off seen two weeks ago could well trigger a retest of the March lows.
He has two strategies in place for the week. The first is to sell if prices hit resistance at 1.1060. The second is to sell on a decisive break and close below Friday’s lows at 1.0925. In both cases our initial profit target comes in at 1.0634.
01:05 minutes
Tags: currencies, currency, currency market, currency markets, currency pair, currency pairs, currency trade, currency trading, dollar, eur, euro, eurusd, eurusd trade, faraday, faraday research, foreign exchange, forex, forex idea, forex market, forex markets, forex saxo bank, forex trade idea, forex trading, forextrading, fx, fx forex, fx market, fx markets, fx options, fx saxo bank, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx volatility, fx volatitily, light, reserach, saxo, saxo bank, saxo bank forex, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, thomas, thomas light, trade, trade eurusd, trade idea, trade view, trade views, trader, traders, trading, trading eurusd, trading floor, trading fx, trading idea, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, us dollar, usd