Friday January 13, 2017 - 10:52:55 GMT
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The EURUSD managed to hold the 1.0600 line earlier today (1.0603 LOD) and subsequently drifted higher to the neutral 1.0650 area (HOD 1.0655), where it is trading at the current time. Minor local support is at 1.0624. Expect stops above Thursday's 1.0685 high and below the psychological 1.0600 line.
Afternoon trade in the U.S. could wind down early ahead of the MLK Holiday on Monday. Expect markets to keep a close eye on equity prices as a barometer of sentiment heading into the Trump inauguration one week from today.
The GBPUSD is benefiting from the broadly weaker USD. The EURBP cross is currently steady on the day. Movements in and out of the EURGBP cross can often tip the scale in EURUSD activity. The GBPUSD is higher.
Tune in frequently to the GVI Forum for trading insights as the session unfolds.
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