Dubious of EURUSD's Breakout, Should I Fade It?

EURUSD Talking Points:

• The range EURUSD cleared Wednesday could not have been any cleaner from a technical perspective
• Breaks do not immediately transition into follow through, but that doesn't mean a failed move is ideal for a fade
• Over the medium-to-long term, the Dollar's fundamental, technical and conditional factors are likely to usher the currency lower

See how retail traders are positioning in EURUSD - along with the other FX majors, indices, gold and key cryptocurrencies - intraday using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)