Monday March 13, 2017 - 09:32:30 GMT
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The economic calendar is light today, but this is an active week for data. Furthermore, U.S. clocks were turned an hour ahead over the weekend. This means that the U.S. will have an additional trading hour in common with Europe until late in the month. Wednesday is expected to see a 25bp rate hike by the Fed, as the central bank moves to "normalize" monetary policy.
The EURUSD HOD has been 1.0715 and the LOD 1.0666. Following last week's EURUSD surge, the focus remains on upside stops the next major area is aaroung the 1.0755 area. Beyond the 1.0666 LOD, the next support level is 1.0666, then a number of levels om either side of 1.0650.
Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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