Monday May 15, 2017 - 09:29:39 GMT
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Markets appear to be in a cautious posture to start the new week. With little major U.S. data scheduled for this week, the focus will be on technicals and the performance of equity and fixed income markets. The Tuesday through Thursday period will see key U.K. data, so keep an eye on the GBP crosses, especially vs. the EUR and JPY.
The EURUSD HOD has been 1.0955, while the LOD is 1.0920. So far the range has been very narrow. So keep in mind the range might be smaller than it it appears to be on some monitors. Keep in mind that a quiet forex market can change quickly. 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.
Our current market observations are updated over the day 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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