Friday May 12, 2017 - 08:37:57 GMT
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Markets remain generally on hold early Friday as it appears we are lacking a broad trading theme. The global economy continues to grow slowly and steadily, however hopes for a Trump-led economic surge by the U.S. are fast fading as the new administration clearly lacks the political acumen to push its agenda forward. already there are only 30 working days left for Congress before its August recess. Washington is a hopeless quagmire.
The EURUSD HOD has been 1.0874, while the LOD is 1.0855. This range is almost identical to what it has been for the past two days at this hour. The current EURUSD range roughly is 1.0850 to 1.0900. The thing about forex is that a quiet market can change quickly 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.
Our current market observations are updated over the day 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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