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With geopolitical uncertainty rippling across the financial markets, volatility has risen as investors attempt to quantify the potential risks. Yet, while currency pairs have experienced wild swings alongside every headline, the large moves often create opportunities for astute traders. To help better understand where reversals could occur across different timeframes, technical analysis is a critical tool that helps gauge sentiment and momentum. Moreover, when combined with candlestick analysis, the powerful combination can help you make better sense of the daily price action.

In this webinar, we’ll explain:

• How the Middle East conflict has affected major USD currency pairs
• How to assess momentum and differentiate strong from weak moves
• Which currency pairs often perform the best when oil prices rise and fall
• Risk management strategies to help limit drawdowns during periods of high volatility

The U.S.-Iran war has hurt the EUR/USD, as higher oil prices and potentially weaker economic growth are viewed as negatives for the cyclical euro. Yet, the multi-year uptrend remains in place, and traders may benefit from taking a long-term view. For clues on whether the EUR/USD is behaving better than expected, technical analysis can help spot momentum divergences, especially when comparing the currency pair’s price action to the 2022 oil spike. Is this time similar, or does the EUR/USD still have several levels of support?

In this webinar, we’ll explain:

• How the EUR/USD has traded in recent months
• Why this event could be different than 2022, and why the euro may find support sooner
• during this episode
• How to use Fibonacci retracement analysis to gain more insights into support and resistance
• Stop-loss strategies to ensure that a long-term view doesn’t create heightened drawdown risks