Monday March 6, 2017 - 10:57:33 GMT
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Amazing Trader EURUSD roadmap system charts updated
The EURUSD HOD has been 1.0640 and its LOD 1.0584. Its been a struggle, but the stop algos finally took out the stops at the 1.0630 level which came into range of the markets late on Friday, but held. Once triggered, EURUSD immediately fell back to below the 1.0600 line, erasing any doubts about the foray to the 1.0640 area. The next cluster of stops are likely to be found at the 1.0680 level.
For today the EURUSD tone will be determined by its position vis-a-vis the 1.0600 line. Beyond stops, there does not seem to be much demand for EURUSD at the higher levels. A key EURUSD focus this week will be the ECB policy decision on Thursday. Below the LOD, expect initial support (stops to come in at 1.0572. No major data are due today. Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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