Wednesday April 5, 2017 - 10:12:14 GMT
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Amazing Trader EURUSD Ideas for 5 April 2017 Register for the Amazing Trader
Today sees three possible market-moving announcements. Early in trading hours, the ADP Private payrolls estimate for March will be released. Sometimes it can provide an inkling into how Friday's non-farm payrolls report will turn out. Mid-morning will see the ISM service PMI. Its employment sub-component can also provide some insight into payrolls. Later, the FOMC policy Minutes often are a market mover.
The EURUSD HOD has been 1.0689, while the LOD is 1.0661. Expect minor stops to be lurking on either side of these key points. Key resistance came in at 1.0680. Those stops were run earlier. A couple of runs at that level failed yesterday. The psychological 1.0700 (1.0701) line comes next. Support is clustered at 1.0644-46. Ultimately 1.0600 is a significant target. The 1.0650 level remains potential neutrality.
Refer to your continuously updated Amazing Trader charts for Support and Resistance levels as the session wears on. View trading strategies test ideas, post comments, ask questions, etc. on the GVI Forum. For access contact: [email protected]
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