Thursday March 9, 2017 - 10:35:49 GMT
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Amazing Trader Early EURUSD Ideas for 9 March 2017 Register for the Amazing Trader
Amazing Trader EURUSD roadmap system charts updated
The EURUSD HOD has been 1.0570 and its LOD 1.0525. The EURUSD had been trading heavy this week. The biggest drag on it was rising U.S. interest rates.
However, the early European session has seen a sharp upward correction as the markets prepared for the ECB decision in a couple of hours. Today's run through upside stops in EURUSD was capped at 1.0570. This week has seen notable resistance at 1.0580, 1.0572, and 1.0562. Demand for EURUSD typically has been weak at the higher end of its local ranges. Neutrality is at 1.0550. Below there, support comes at 1.0525, then there is not a lot until 1.0510. The ECB decision is a "AA" event on on our volatility scale. That is our highest level for potential volatility.
Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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