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FX Breakout Monitor September 13 2019
John J. Hardy
Global Head of Macro Strategy
Summary: The FX Breakout Monitor shows few new developments today as the recent extension lower in many euro crosses was rejected as the euro rallied strongly in reaction to yesterday's ECB meeting. Next week will inevitably prove important for USD pairs over the FOMC meeting on Wednesday.
The FX Breakout Monitor is back, and it is expanded with "autosignals" that show examples of how to trade new breakouts, defined as new 19-day high or low closes not preceded by a breakout in the same direction in the prior week.
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