Monday May 8, 2017 - 09:43:25 GMT
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We have seen a "buy the news, sell the fact" reaction to the as predicted French election results. Some had concerns about Brexit or Trump election surprise, but results of Round 1 of the election run-off had made another such event unlikely. Furthermore, Macron had been a prohibitive favorite (20% lead) in the polls.
The EURUSD HOD has been 1.1024, while the LOD is 1.0939. The focus will remain on the psychological 1.1000 line, which has been a tough nut to crcak. The current HOD has now become the critical upside target.
Use your AT charts for current support (red) and resistance (blue) levels. Changing colors on the Amazing Trader (AT) charts 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: firstname.lastname@example.org.
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