Wednesday February 1, 2017 - 11:21:47 GMT
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Amazing Trader Early EURUSD Ideas for 1 February 2017 Register for the Amazing Trader
Amazing Trader EURUSD charts updated to your systems
One comment by President Trump's trade advisor Navarro saw EURUSD jump from 1.0700 neutrality to 1.0800. Those who follow the Amazing Trrader charts saw the pair clearly step higher from line to line yesterday. The new development yesterday was that the new administration has put the markets on notice that it is now pursuing a weaker USD policy against Europe. We had felt earlier that its principal target was China. Crank this new reality into your trading strategies. Today, the EURUSD HOD has been 1.0805 and the LOD 1.0774. Expect minor stops at the HOD and LOD levels. On the topside, the next stops are nearby at 1.0812 and then there is not much until 1.0875. Recent buying on stops has been relatively muted, but they are always a target for traders. On the downside nearby stops are at 1.0771, then 1.0742.
The GBPUSD is higher on the day. EURGBP is weaker. The GBPUSD HOD has been 1.2630, and its LOD 1.2542. 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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