Complacent markets: Strength in EUR pairs - London Traders Network

The financial markets are increasingly looking resilient to European election risks, this is evident from the recent rally in the EUR pairs. Paul Wallace from London Traders Network takes note of the bullish setup on the EUR pairs - EUR/TRY, EUR/CAD, EUR/AUD and EUR/NZD.

Wallace says it clearly represents complacency in the markets.

“You have to trade what you see and not what you think”, says Wallace while explaining the rally in the EUR pairs despite the heightened political uncertainty across Europe.

Are markets telling us that the breakup of the Euro is a good thing? Is the complacency here to stay? Listen to Wallace and Presenter Zak Mir discuss markets and elections.

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