Wednesday March 22, 2017 - 10:01:13 GMT
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Amazing Trader EURUSD Ideas for 22 March 2017 See The Amazing Trader In Action
Forex trading is all about confidence in the equity markets at the moment. That confidence is tied at the moment to whether the Trump Administration can make any progress on his growth agenda, or whether the various factions in Washington will grind everything to a halt. "Draining the swamp" has to be something more than a slogan. Keep an eye on political developments in coming weeks. They have a way of swinging back and forth widely while intense negotiations are underway.
The EURUSD HOD has been 1.0819 and the LOD 1.0775. The 1.0800 pivotal level has been difficult to establish as support. The 1.0820 line is now key resistance. Next resistance comes in at 1.0829. Support comes in at the 1.0775 LOD then 1.0770, the 1.0751 (1.0750 neutrality). Continue to let above or below 1.0800 to set the tone. Also flows in and out of the EURJPY cross can be decisive.
Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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