Thursday April 27, 2017 - 08:52:44 GMT
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Markets await the ECB decision just after midday today in Frankfurt. since no change in rates is probable, the focus is on what might be signaled about future policy. A future tightening of policy from the current excessive ease is inevitable. The only question is when. This expectation has been a source of EUR demand.
The EURUSD HOD has been 1.0922, while the LOD is 1.0896. The EURUSD level vis-a-vis 1.0900 should set the tone of the market today. The focus at the moment is on upside resistance at the HOD and then the recent high at 1.0951. Use your AT charts for current support (red) and resistance (blue) levels. The Amazing Trader (AT) will tell you which way the winds are blowing. Watch live to see the color lines that are being drawn or erased.
Current Market observations are 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@example.com.
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