Monday October 2, 2017 - 09:26:38 GMT
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Amazing Trader Ideas For 2 October 2017 Register To Test Your Amazing Trader
The EURUSD is trading weaker as markets reacted negatively to the independence referendum in Catalonia, Spain. The vote had not been sanctioned by Madrid. Reports are that votes counted were overwhelmingly in favor of independence. After the U.K. Brexit vote, this is seen as a harbinger of further cracks within the EU.
The EURUSD HOD so far has been 1.1816, while the LOD has been 1.1733. The EURUSD focus at the moment is resistance at the 1.1800 line. Use it as a marker of the EURUSD trading bias. The yield on the U.S. 10-yr Note is 2.352%, +3.4 bp. Use the 10-yr note yield is a short-hand sentiment barometer. Your Amazing Trader charts provide market direction.
Forex trading conditions can change quickly, so use your AT charts to monitor current support (red) and resistance (blue) levels. The technicals often 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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