Thursday March 16, 2017 - 09:49:07 GMT
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Amazing Trader EURUSD Ideas for 16 March 2017 See The Amazing Trader In Action
This has been an active week for news. The Fed surprised no one with its rate hike yesterday, however markets were hoping (unrealistically) for the central bank statement to be more hawkish than it was. This saw the EURUSD rise and bond yields fall. I would not make too much of initial reactions and let the markets settle down on their own.
The EURUSD HOD has been 1.0747 and the LOD 1.0705. The tone of EURUSD will be set by how it trades relative to the 1.0700 line. Expect stops above the 1.0747 HOD (1.0750), then 1.0760 and 1.0798. Support ranges to the 1.0705 LOD and 1.0700, then 1.0685 and 1.0764-67.
Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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