Friday February 10, 2017 - 12:14:56 GMT
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Amazing Trader Early EURUSD Ideas for 10 February 2017 Register for the Amazing Trader
Amazing Trader EURUSD charts updated to your systems
The EURUSD Amazing Trader chart is about as clear as it ever gets. Earlier today the pair fell from about 1.0655 to 1.0635 in three bars on the 5 min chart. Sentiment for the USD has improved from yesterday on a long fuse after President Trump yesterday said a tax plan would be released in 2 to 3 weeks. The EURUSD HOD has been 1.0668 and the LOD is 1.0636. What is clear about the 5 min chart at this hour is how the 1.0650 line will be setting the tone today. On the downside, key support (stop target?) in EURUSD comes in at 1.0620.
The GBPUSD mounted a strong advance earlier following strong Output and trade data from the U.K. The GBP is about as sensitive to data as the USD. The GBP subsequently has adjusted back lower vs. the USD and EUR. The GBPUSD HOD has been 1.2523, and its LOD 1.2404. 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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