Tuesday January 3, 2017 - 11:21:17 GMT
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EURUSD Starts the Year on the Defensive, 1.04 Sets Tone
Markets have returned today, except for Japan, from the New Years break. Following wild swings last week, the EURUSD is back to the 1.0400 line. The HOD today has been 1.0491 and the LOD 1.0395. Use the 1.0400 line to set the tone. Below the LOD, support comes in at 1.0372, then the recent lows at 1.0352.
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The EURUSD 20-day moving average is back ABOVE the market at 1.0501. Keep tuned to the GVI Forum as the session develops for timely updates.
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