Friday May 5, 2017 - 09:36:52 GMT
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Markets are awaiting the U.S. April U.S. Employment data on the open today. With the focus of trade very recently on a possible slowing of the U.S. economy, this report is more important than it might have been a month or so ago, especially with the Trump economic agenda lagging. Many expect a EURUSD bounce should Macron beat LePen in the French Presidential election, as polls predict.
The EURUSD HOD has been 1.0991, while the LOD is 1.0956. The current focus is on the psychological 1.1000 line. Clearer resistance on the daily chart comes in at 1.1042 (November 2016). It appears that option protection schemes mat be protecting the 1.1000 line. Use your AT charts for current support (red) and resistance (blue) levels. Changing colors on the Amazing Trader (AT) charts will tell you which way the winds are blowing. Watch live to see the color lines that are being drawn or erased.
Current Market observations are updated on the GVI Forum. Refer to your continuously updated Amazing Trader charts for precise Support and Resistance levels as the session wears on. View trading strategies, test ideas, post comments, ask questions, etc. on the GVI Forum. For access contact: [email protected]
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