Wednesday February 8, 2017 - 11:39:12 GMT
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The EURUSD has taken another step down after a failure at the 1.0700 level yesterday. Markets are trying to adjust to worries about the political, social and economic future of the European Continent with a number of major nations facing leadrship votes this year.
The EURUSD is lower from late Tuesday levels. So far, the HOD has been 1.0691 and the LOD 1.0640. Our EURUSD bias indicator has flipped back to neutral from bullish on the pair. Expect stops at the 1.0700 line and above to 1.0706. On the downside, we are trading just below 1.0650 neutrality. The LOD is 1.0740, whre some stops should be resting. The next support is at the 1.0620 and the 1.0588. Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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