Monday February 27, 2017 - 10:39:11 GMT
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Amazing Trader EURUSD charts updated to your systems
Forex markets are off to a mixed start to an active week. Nevertheless, today's calendar is relatively subdued. I am going to take my direction from from equity and fixed income markets, which are mixed at this early hour in North America. The EURUSD HOD has been 1.0592 and its LOD 1.0551. Note the neutral "50" level has been pivotal again. EURUSD also has faces a struggle to establish 1.0600 as support again. Key upside stops are at 1.0619, then at 1.0630. I do not expect these stops to be massive. Below the 1.0551 level, the next stops are at 1.0529 and 1.0536 levels.
The GBPUSD is lower. The GBPUSD HOD bas been 1.2578. Its LOD is 1.2384. EURGBP is up. Flows in and out of the EURGBP cross can have a significant impact on the value of EURUSD and change the EURUSD tone. Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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