Having fallen from near $1.60, the euro-dollar exchange rate is hovering around $1.35, as if seeking direction.
It will find it sooner or later. In the meantime, we can use this opportunity to learn how to take advantage of the trend when it resumes.
On September 12, the EURUSD was trading near $1.42. From there, in about 10 days, it rallied to $1.48 – a big move. The question is, was there anything in the charts at the time that could have warned you of that 6-figure rally?
There was. As our Senior Currency Strategist Jim Martens puts it this free 6-minute video, which he recorded for his Currency Specialty Service subscribers on September 12, the environment was ripe for the dollar reversal.
Watch Jim explain what he meant by "environment." It's the kind of knowledge that might just help you catch the EURUSD's next move.
Note: You need a free Club EWI Membership to watch this free video.