Thursday January 19, 2017 - 11:00:45 GMT
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Amazing Trader EURUSD charts updated to your systems
Late in the day Wednesday, the EURUSD adjusted down sharply for the second time in the session. One view is that traders were setting up for Trump's inaugural address Friday, while another view is that traders were expecting a disappointing ECB policy outcome today. It might have been a combination of the two. It might also be a product of thin liquidity. Expect volatility on the ECB today and possibly on the Trump address Friday, should his prepared remarks venture into policy specifics.
The EURUSD HOD has been 1.0671 and the LOD 1.0622. 50 pips is not much of a range. The pair has been pivoting the 1.0650 line today. Expect stops at the day's extremes. Interim support comes in at 1.0632.
The GBPUSD is trading higher today, while the EURGBP has eased. failed to make a sustained improvement earlier on better than expected December employment data. The EURGBP is higher on the day. The GBPUSD HOD is 1.2336. Its LOD is 1.2252. Flows in and out of this cross can have a decisive impact on the value of the EURUSD.
Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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