Wednesday, August 5, 2015

The Dollar and The Euro

You can put the world's greatest dollar bull in a room to debate the world's greatest dollar bear and all of their arguments will soon be obliterated in the event horizon of price as it breaks one way or the other.  While NFP could be the deciding factor, it should be noted that there are several weeks of room to whipsaw around and run stops before the action is forced.  But these are usually continuation patterns.   A picture is worth a thousand words:

As with every breakout trade, be aware of the fake-out.