Friday May 26, 2017 - 09:07:36 GMT
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Amazing Trader Ideas For 26 May 2017 Register To Test Your Amazing Trader
Trade today is leads into long weekends in New York and London. U.S. Fixed Income markets have a recommended early close, however electronic and floor trading in equities feature a full sessions. Markets could thin as the session wears on. Be wary of thin conditions later.
The recent EURUSD surge higher has run into a broad correction pattern. The EURUSD HOD has been 1.1235, while the LOD is 1.1784. For a short-term point of view, the daily highs and lows are always key, but the 1.1268 level as the recent high is critical on top, and the 1.1200 psychological level on bottom could change the tone of the market if it cannot not hold.
Forex trading conditions can change quickly, so use your AT charts to monitor current support (red) and resistance (blue) levels. The technicals can change ahead of 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.
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