Thursday June 1, 2017 - 08:57:29 GMT
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Amazing Trader Ideas For 1 June 2017 Register To Test Your Amazing Trader
The first day of the month sees the release of final Manufacturing PMI data for a wide range of countries. The release of flash PMI data about a week ago tends to diminish the impact of many of the reports. U.K. and U.S. ISM PMIs are new data and often see strong reactions.
Today The EURUSD HOD has been 1.1257, while the LOD has been 1.1226. This is a relatively narrow range. From a short-term point of view, the daily highs and lows are always key. Holding the 1.1200 level remains the key to the EURUSD upside. On top, neutral EURUSD 1.1150 area is key.
Forex trading conditions can change quickly, so use your AT charts to monitor current support (red) and resistance (blue) levels. The technicals frequently 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 your leading momentum indicator.
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