Wednesday March 15, 2017 - 09:55:18 GMT
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The focus of trade early Wednesday is on the FOMC policy decision later today. A Fed +25bp rate hike is fully priced in already. More important could be what Chair Yellen has to say about the future path of rates. Ahead of the Fed, the tone of the USD has been mixed today.
The EURUSD HOD has been 1.0640 and the LOD 1.0602. Below LOD, the next clear support level is 1.0595, and then 1.0571 Upside resistance is at the HOD and then 1.0647, the 1.0662.
Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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