Friday January 27, 2017 - 10:44:20 GMT
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Amazing Trader EURUSD charts updated to your systems
The EURUSD continues to gravitate into range trading episodes. Today it is roughly 1.0650 to 1.0700. Is LOD has been 1.0657 and its HOD 1.0699. Once forex markets start to establish a range, stops start to accumulate at its top and bottom. Then market participants start to gun for those stops. This cycle repeats over and over again. The 1.0700 line has been just out of reach today and is an obvious target for several reasons for EURUSD bulls.
One key event today is the PM May meeting with President Trump. The GBPUSD is lower on the day. Its HOD has been 1.2609, and its LOD 1.2530. The EURGBP cross is higher on the day. Flows in and out of the EURGBP cross can have a significant impact on the value of EURUSD.
Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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