Tuesday June 27, 2017 - 10:02:30 GMT
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Forex Trading Ideas For 27 June 2017 Register To Test Your Amazing Trader
Comments in Portugal by ECB President Draghi at the ECB Conference surprised markets. While he stuck to his usual dovish posture on policy, traders forcused on his unusually upbeat assessment of the European economy where he indicated that its expansion is "broadening". His comments gave EURUSD a sudden boost through 1.1200 to the 1.1250 area on hopes his comments could be a precursor to a more hawkish policy posture.
Today the EURUSD HOD has been 1.1265, while the LOD has been 1.1178. This could signal the start of a more active forex trading environment. The focus of trade is now on the psychological 1.1250 line. Fed Chair Yellen will speak later on the global economy and could generate some excitement as well. 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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