The fundamental lean on EURUSD
will revive the long-term bear trend. However, that doesn't mean the eventual disparity in monetary policy
bearings and/or risk trends has to fuel the move now. We need evidence to show that the market is willing to conform to the fundamental outlook and price their anticipation. Draghi saying the ECB will review its stimulus efforts in December is a big beacon for FX traders. However, the ECB will not likely carry the same clout the Fed did. With major event risk on the docket next week as well (US and UK GDP, Fed, BoJ, etc), there may be reticence to break major pair's support. I'm tempted to fade the momentum and trade the range rebound, but it would be very risky. Hmm.