Friday June 9, 2017 - 09:39:58 GMT
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Amazing Trader Ideas For 9 June 2017 Register To Test Your Amazing Trader
The dust around the U.K election might be starting to settle. It appears PM May and the Tories will be forming a government with the support of the Democratic Unionist Part (DUP) party. This means the U.K. will be going forward with a weak minority government led by a PM whose days are numbered. For the time being, these election results will be removed as a market issue.
Today the EURUSD HOD has been 1.1238, while the LOD has been 1.1169. Into the weekend, the focus of trade will be the neutral 1.1200 level. I am expecting cautious trade today.
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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