EURUSD Analysis & Breakout Strategy

The fundamentals are stacking up against the euro and going in the favour of the US dollar. Whether this can be maintained is hard to know as the Fed are so far refusing to raise interest rates. If they are correct the price of the EURUSD will eventually reverse and come back to value. If the market is leading the Fed down the path of raising rates faster than expected, the US dollar could spike higher. Using a breakout strategy to capture the momentum is one way to trade this market.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:39 EUR/USD