Wednesday April 26, 2017 - 09:31:33 GMT
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Markets are setting up for the Wednesday ECB decision, where many are hoping for any hints that the ECB will further trim its Asset purchasing program. No change in interest rates is expected. Presumably any move in the direction of a policy tightening should be EUR positive.
The EURUSD HOD has been 1.0951, while the LOD is 1.0895. Those are close to key psychological levels, 1.0950 and 1.0900. The EURUSD level vis-a-vis 1.0900 should set the tone of the market today. Use your AT charts for current support (red) and resistance (blue) levels. On the 5 min chart, blue resistance line are setting the tone as red support lines disappear. The one hour chart still has a lot of support but those red lines are looking POTENTIALLY vulnerable. The AT will tell you which way the winds are blowing. Watch live to see what color lines are filling in.
Our live commentary is updated on the GVI Forum. Refer to your continuously updated Amazing Trader charts for precise 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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