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A Word of Caution Before You Jump on Euro or Pound Breaks

From dailyfx.com

Complex pattern recognition is one of those traits that separates humans from the rest of animal kingdom. Yet, we are also the species that sees shapes and objects in clouds. And so, we have some remarkable technical patterns forming - and some breaking - in the markets which are naturally drawing a lot of attention from speculators. After years of severe drought in meaningful price swings and the sudden riches found in the February volatility swell, traders thirst for opportunities and are hyper vigilant. In the FX market, there is remarkable appeal for the Dollar and Yen pairs, but some of the most pressing charts ... (full story)

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  • Category: Fundamental Analysis