Admittedly, there are a lot of market potentials on the currency pairs in the European majors. However, similar to the stock market the coming and going of reaching a Greece deal just seems to weigh on the last minute of DDay for such an agreement. Thus, price swings are just as volatile especially for institutional money managers that are trading large portions on their respective bets.
Reaching a compromise by the next couple of days nearing the closing 2nd quarter of the year would really be jaw dropping experience for most traders in particular for those who barely have a tolerable room for draw downs to sustain a floating loss without being stop-out early in the session.
The market's correction across the board have been identified and just a matter of time would we be able to see a break on the major indices where the US #SP500 already has provided an early signal, on stocks #FB has made its run above the 88.00 levels, while the JP #Nikkei 225 has kept its trend well within the higher band of the market since April 2015. Pullbacks are healthy and should not discounted and be respected. 'HIgher lows are you key prices in the markets to watch for".
Keep an eye on these markets as we are just awaiting the end-result of the market run both in Stocks, Currency and ETFs. It's just a week's trading activity left and we should be able to see more volatile price action simply driven by fundamental reports which Central banks have taken the lead on dominating the market place.
Use all of these reports to your advantage and trading would not be as difficult as it may seem. Hard rock due diligence can be applied to determine the better trade setups to be able to 'measure rebounds and declines'.. Identify them and time the execution well. When done well, one does not have to go through the school of Hard Knocks in trading!
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