USD Tests Key Support

  • Euro fails at key resistance, Dollar bounces at support
  • Big week in FX markets warn of important volatility, risks to US Dollar
  • Volatility risk shifts focus to our Breakout2 trading system

The US Dollar has bounced at critical support versus the Euro, but a key week ahead suggests a larger breakdown is possible. Watch volatility risk.

Forex Volatility Prices Rise on Key Week in Financial Markets

FX Volatility

Data source: Bloomberg, DailyFX Calculations

DailyFX Inpidual Currency Pair Conditions and Trading Strategy Bias

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— Written by David Rodriguez, Quantitative Strategist for DailyFX.com.

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