Jan 30, 2017 - Live Market Coverage: US pre-open: Levels

Hi,

Please find below possible demand and supply zones based on 30 min charts with short comments and bias. DON'T TRADE them blindly, additional analysis is needed ! Follow Us on Twitter for further updates.

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Pre-US session / intraday levels:

It's not an USD end as many expected ( as long as bulls are able to close DX above 100 on weekly chart ). Of course failure below 1,05 on EURUSD or fall below 115 on USDJPY did not help but there is no reason to blindly focus on one side only. 

Frankly, I thought that ECB and Trump inaguration will help USD to get clear direction but I wasn't right this time ( maybe because of caughing and sneezing, and spending 10 days in the bed or probably the range was the main reason lol ).

Another busy week ahead: BOJ, FOMC, BOE and NFPs ( just to mention few events ) and Monday most probably it's going to be range day ( despite opening gap...)...

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading

Mr Price Action

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