Tuesday March 14, 2017 - 10:47:38 GMT
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Amazing Trader And Commitment Of Traders EURUSD Ideas for 14 March 2017
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The focus of trade is turning to the FOMC decision. A +25bp hike in the Fed Funds rate ia a sure bet according to the futures markets. Perhaps more important to trading might be the tone of the policy statement. Ahead of the Fed, the tone of the USD has improved.
The EURUSD HOD has been 1.0663 and the LOD 1.0632. Below LOD, the next clear support level is 1.0597, and then 1.0580 Upside resistance is at the HOD and then 1.0679.
Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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