Friday March 17, 2017 - 10:02:50 GMT
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Amazing Trader EURUSD Ideas for 17 March 2017 See The Amazing Trader In Action
Late Thursday, a press interview of the ECB's Novotny (Austria) hit the wires and sent the EURUSD through upside stops. Nothing he said was new, but it suggested to some that the central bank is starting to consider when it might be hiking interest rates. That is not expected soon, but financial markets are discounting mechanisms and tend to move well ahead of actual events on the ground.
The EURUSD is higher from mid-day Thursday levels. Its HOD has been 1.0783 and the LOD 1.0753. This is a remarkably narrow range so far. Upside stops are an obvious focus, after the 1.0783 HOD, the 1.0800 (1.0797) level comes into in range. Following that is 1.0819 line. Support starts at the 1.0753 LOD. Keep in mind, the 1.0750 line is neutrality. Below there, support comes in at 1.0741
Tune in frequently to the GVI Forum for updates to our trading insights as the session unfold.
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