Friday March 31, 2017 - 10:02:11 GMT
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Amazing Trader EURUSD Ideas for 31 March 2017 Register for the Amazing Trader
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Today is month end and quarter end and it falls on a Friday. U.S. data due today usually are not market moving in a major way. However position adjustments might trigger some volatility around the Londaon close. Otherwise, the current focus appears to be what, if anything, beyond talk the U.S. might do in the currency area to keep a lid on the USD.
At the moment The tone of the EURUSD continues to be governed by its level vis-a-vis the 1.0700 line. The EURUSD tone currently is neutral. The HOD has been 1.0696 and its LOD 1.0672. There likely are some modest stops above the HOD and beyond (above 1.0700). Looking at the the Amazing Trader 5min chart, resisiance next clusters from 1.0726-29. There is not much local support below the LOD.
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