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Lambert: EURUSD balances delicate tightrope of gains & losses

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March 20, 2015 clive lambert, clive lambert futurestechs, currecny eruo dollar, currencies, currency, currency crisis, currency cross, currency market, currency markets, currency pair, currency pairs, currency peg, currency rates, currency strategy, currency swings, currency trading, currency trends, euro, euro area, euro dollar, euro dollar parity, euro outlook, euro zone, europe, europe growth, european central bank, european economy, eurozone, eurozone crisis, eurozone economy, eurusd, fed, fed meeting, fed news, fed stimulus, fed tapering, federal policy meeting, federal reserve, fomc, fomc meeting, fomc minutes, fomc preview, foreign exchange, forex, forex 2015, forex 2015 outlook, forex buying, forex eurusd, forex idea, forex market, forex markets, forex saxo bank, forex selling, forex strategy, forex trade idea, forex trade ideas, forex trading, fx, fx award, fx crosses, fx eurusd, fx exchange, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx pound, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trading, fx trends, fx volatility, fx volatitily, fxmarkets, fxtrade, saxo, saxo bank, saxo bank equities, 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 clive lambert, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxotrader, saxotv, trade, trade idea, trade ideas, trade view, trade views, trader, traders, traders tale, traders tale clive lambert, traders tale saxo tv, trading, trading currencies, trading fx, trading idea, trading risks, trading strategy, trading techniques, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom

Volatile swings in the Forex markets, caused by the cautious tone of the FOMC meeting this week, weakened USD against most of its major counterparts. Clive Lambert from FuturesTechs expects the trend of euro weakness to continue despite the recent uptick in EURUSD. The euro has performed a delicate balancing act against the dollar this week, rebounding from a 12-year low of USD 1.0457 on Monday to a high of USD 1.1062 after the Fed’s announcement. 


Volatile trading on Wednesday created a large red candle formation as the currency pair quickly retreated from its sharp gains. Expecting the pair’s momentum lower to continue, Clive is looking to sell a rally to the intraday level of USD 1.0758. His two targets from the trade are USD 1.0620 and USD 1.0470. A stop can be placed at USD 1.0820.

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