Monday April 10, 2017 - 10:07:24 GMT
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The USD surprisingly has shrugged off the weak March employment report from Friday. A repeat of poor data a month from now could start to raise concerns. Activity this week could be subdued due to the upcoming Easter observances and a relaltively light data calendar.
The EURUSD HOD has been 1.0595, while the LOD is 1.0570. That is a narrow 25 pip range which unlikely to hold. Be aware of this when looking at your charts, which typically are automatically rescaled to fit your screen. Relatively small price moves can look large. Markets often focus on even numbers, so the 1.0600 line should loom large psychologically today.
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