Thursday February 9, 2017 - 10:36:30 GMT
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Amazing Trader Early EURUSD Ideas for 9 February 2017 Register for the Amazing Trader
Amazing Trader EURUSD charts updated to your systems
About a week ago, the EURUSD was in demand from sources we never were able to identify. This week the markets have been better EURUSD sellers. Late yesterday and today, EURUSD has been pivoting the 1.0700 line. The trading range today has been relatively narrow. The HOD has been 1.0710 and the LOD 1.0670. Our EURUSD bias trend indicator is now neutral. Let the 1.0700 line set the tone until the pair makes a decisive move. There is little in the way of market-moving data slated for today, although the calendar picks up on Friday. Expect minor support at the 1.0687 level. Expect stops to be building at the HOD and LOD lines.
The GBPUSD gapped higher earlier today. The EURGBP is lower. Yesterday, PM May won the final Parliamentary Brexit vote handily. It moves on next to the unelected House of Lords, who will certainly pass the bill. The GBPUSD HOD has been 1.2582, and its LOD 1.2496. 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.
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