Tuesday June 20, 2017 - 10:34:33 GMT
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Amazing Trader Ideas For 20 June 2017 Register To Test Your Amazing Trader
As I mentioned yesterday, this is a remarkably light week for Event Risk releases. The lead EURUSD pair appears to have adjusted lower from a range of 1.1200-1.1300 to a band of1.1100 to 1.1200. This all depends on market sentiment, which is being driven by the stock prices and The USD the yield on the yield on 10yr Note. Below 2.20%, the bias is bearish and above, it is constructive. I let the Amazing Trader charts set my trading stategy.
Today the EURUSD HOD has been 1.1166, while the LOD has been 1.1140. This is an unsustanably narrow range. With the week thin in terms of event risk, keep a close watch on the technicals and your Amazing Trader charts.
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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