Thursday May 18, 2017 - 09:50:59 GMT
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The 5PM news Wednesday was the appointment of a Special Council to investigate if there had been Russian involvement in the U.S. Presidential election. A highly-respected former FBI chief will head the probe and hopefully but the issue to bed once and for all. Watch to see how U.S. financial markets react today.
The EURUSD HOD has been 1.1173, while the LOD is 1.1119. At this hour, EURUSD is in a corrective trading pattern. This might not last. The U.K. saw strong Retail Sales data today which saw the psychological 1.3000 line breached for the first time since September 2016. This saw EURGBP unwound putting some downward pressure on EURUSD.
Forex trading conditions can change quickly, so continue to use your AT charts to monitor current support (red) and resistance (blue) levels. The technicals can change faster that the fundamentals. Changing colors on the Amazing Trader (AT) charts will tell you which way the current winds are blowing. Keep an eye on which color lines are being drawn or erased as a leading momentum indicator.
Our current analytical 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. For access to the GVI Trading Forum contact: [email protected]
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