Wednesday March 8, 2017 - 10:51:33 GMT
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Amazing Trader Early EURUSD Ideas for 8 March 2017 Register for the Amazing Trader
Amazing Trader EURUSD roadmap system charts updated
The EURUSD HOD has been 1.0575 and its LOD 1.0547. The EURUSD has been trading heavy this week. The biggest drag on it has been rising U.S. bond yields. At their core, forex markets are driven by interest rates. Forex is simply money and interests rates are the "cost" of money. Rising bond yields stem from the promise of higher interest rates to come over the year from the Fed.
We had a mini-run at upside stops in EURUSD at the 1.0680 are yesterday. That suggests that upside stops within any reasonable range are minimal. Neutrality is at 1.0550. Below there, support (stops) come in at 1.0536-40, then there is not a lot until1.0510. U.S. ADP private jobs are the major data are due at 13:15 GMT.
Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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