Flash Crash & a Parity- Market Sniper – Market Sniper

Price discounts everything….Price movements are not totally random. These two points form the base of technical analysis. Francis Hunt from Market Sniper details the technical charts of GBP pairs, which suggested well in advance that a major sell-off is due.

Popular opinion blames last Friday’s debacle in Pound to ‘Fat Finger’, however, Hunt feels charts had already positioned for a massive sell-off. Next on agenda is broad based USD strength and possibility of EUR/USD pair reaching parity. The volatility in EUR/USD pair had dropped to remarkably low levels over the last two months or so. The pair finally saw a bearish break this week. Currently it sits around 1.10 handle.

#GBP/USD, #EUR/USD, #USD, #currencies, #forex, #trading, #technicals, #fundamentals

Hunt discusses whether the pair could go down to parity… something markets were forecasting in the first quarter of 2015.