Tuesday February 28, 2017 - 11:29:35 GMT
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Amazing Trader EURUSD charts updated to your systems
Forex markets are waiting for the Trump policy speech this evening (21:00 ET). In the U.S. political system, the President propose a "wish list", but unlike in a Parliamentary democracy, there is no guarantee he will get anything he has asked for. His budget director has already been out trying to dampen expectations. Today sees an active U.S. calendar, but most of the data are unlikely to be market-moving.
The EURUSD HOD has been 1.0605 and its LOD 1.0569. Today the markets have been pivoting the 1.0600 line again. Upside stops are above 1.0633 after an early Asia spike today. This remains a tempting target. I do not expect these stops to be massive. On the downside, stops are below the LOD nad then 1.0550.
The GBPUSD is steady. The GBPUSD HOD bas been 1.2451. Its LOD is 1.2411. 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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