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Tame Your Appetite for Strong EURUSD, EURAUD Reversals

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It’s tempting to look for reversal potential in any strong or prevailing trend. This appeal is even greater when the broader market is struggling for any direction of its own. That being the case, pairs like EURUSD and EURAUD which are testing new lows and look ‘overdue’ for a correction become the fixation of traders desperate for volatility and a big winner in quiet markets. Yet, we need to trade what is in front of us, and what we have here is a fundamental trend that is so strong it continues despite tenuously stable price markets.

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