Monday June 12, 2017 - 10:04:55 GMT
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Amazing Trader Ideas For 12 June 2017 Register To Test Your Amazing Trader
Trade is off to a typical sluggish Monday start. No major data have been set for release today. The calendar picks up starting tomorrow. The highlight of the week is the Wednesday Fed meeting, which is expected not only to see a rate hike but also fresh Fed economic forecasts. These forecasts will impact longer term expectations for policy.
Today the EURUSD HOD has been 1.1228, while the LOD has been 1.1196. Into the weekend, the psychological focus of trade is the neutral 1.1200 level.
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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