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Talking Points:

• This week opened to consolidation with EURUSD carving out its second smallest range in the Euro's history

• Heading into heavy event risk - US GDP and FOMC among the top billings - investors will be cautious

• Trades that fall outside the dollar's influence or 'risk' designation are better opportunities

Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.

Traders can see and hear heavy event risk just over the horizon. With the threat of event risk that can materially alter volatility levels or underlying trends, it comes as no surprise that markets are retrenching. Through Monday's session, the USDollar's march higher was capped, the S&P 500 pulled back before committing to an intermediate bearish reversal and EURUSD carved out the second smallest trading range since the Euro began trading. In an already sluggish market, the build up to such a high profile collection of event risk is palpable. Opportunities - short, medium and long-term - are likely to arise from the aftermath of the events. Yet, in the lead-in, there are still trade options. Finding those pairs without a 'risk' connection or dependency on US rate forecasts can still develop at their own pace. We discuss this calm before the storm in today's Trading Video.

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