Thursday January 26, 2017 - 09:52:20 GMT
Share This Story
Global-View - www.global-view.com
Amazing Trader Early EURUSD Ideas for 26 January 2017 Register for the Amazing Trader
Amazing Trader EURUSD charts updated to your systems
Early Thursday, the EURUSD has been trading a narrow range. Markets are becoming comfortable with a rough 1.0750 top and a 1.0700 bottom. A range this narrow tends not to last very long as stops quickly start to accumulate at the top and bottom of such a marrow band. In forex, complacency inevitably leads to volaltilty. Todays HOD has been 1.0766 and the LOD is 1.0724. Use the LOD as support and 1.0750 as neutrality.
The GBPUSD is steady on the day. Its HOD has been 1.2674, and its LOD 1.2624. Advance 4Q16 U.K. GDP beat estimates , ut was still steady relative to the 3Q16 report. The GBPUSD tried to rally on the data, but subsequently fell. The EURGBP cross is down slightly on the day. Flows in and out of the EURGBP cross can have a significant impact on the value of EURUSD. Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."