Tuesday May 23, 2017 - 09:56:45 GMT
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Markets remain in a mild risk-on posture early Tuesday in cautious trade. The terrorist attack late Monday in Manchester has shaken many individuals but is not having much of an impact on the markets. President Trump's trip is will next start to focus on Europe and the G7. Nothing market-moving has come out of visits to Middle East capitals.
The EURUSD HOD has been 1.1269, while the LOD is 1.1122. The short term direction on the Amazing Trader charts remains basically higher. S&P futures are trying to rally again. Currently, EURUSD is pivoting the neutral 1.1250 line.
Forex trading conditions can change quickly, so use your AT charts to monitor current support (red) and resistance (blue) levels. The technicals can change ahead of the fundamentals. Changing colors on the Amazing Trader (AT) charts will tell you which way the current winds are blowing. Keep an eye on which color lines are being drawn or erased as a leading momentum indicator.
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