Tuesday May 30, 2017 - 08:48:36 GMT
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Forex Trading Ideas For 30 May 2017 Register To Test Your Amazing Trader
Markets have returned today from Monday holidays in the U.K. and U.S. In an absence of major news, the USD has improved. As this is the final week of the month, the event/economic calendar is busy.
Heading into the holidays, the recent EURUSD surge higher had run into a broad correction pattern. Today The EURUSD HOD has been 1.1172, while the LOD has been 1.1109. For a short-term point of view, the daily highs and lows are always key, the neutral EURUSD 1.1150 level should set the ton of trade.
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 and/or disappearing or new lines on the Amazing Trader (AT) charts will tell you which way the winds are blowing. Keep an eye on which color lines are being drawn or erased as a leading momentum indicator.
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