Tuesday July 11, 2017 - 10:23:25 GMT
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Amazing Trader Ideas For 11 July 2017
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Markets continue to mark time ahead of Fed Chair Yellen testiy before the House Wednesday and Senate on Thursday. Odds are we will see most of anything she will want to communicate early on Wednesday. No major data are due for release today. Today the EURUSD HOD has been 1.1401, while the LOD has been 1.1382. The pair remains stalled on either side of the 1.1400 line. As usual, look for stops at the daily extremes. Keep an eye on the yield of the U.S. 10-yr Note (2.391%, +1.8bp). Follow your Amazing Trader charts for market direction.
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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