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01 November 2013 | Free Daily Analysis | EURUSD : PROFITS WORTH THE WAIT

G’day Surfers – 11th hour but we got the cash!

Yesterday’s Report

We finally got a strong answer to the “pullback” question that had been on our minds all week “are we there yet?” EUR/USD plummeted from it’s 1.3700 Wednesday base. We were expecting movement South before looking North but no-one was buying EURO’s yesterday. So the “pullback” begins to look “trendy”!  Because our mantra is to trade what we see and not what we think, we managed to trade the breakout and bank some nice profits. It was only our second entry for the week but both hit target. Happy Days!

Technical Analysis

Back next week.

The Day Ahead

Catching up with my son for lunch & brother for dinner so looking forward to a family fun day! We had to be very patient this week as the market refused to yield a lot. So grateful to understand the words of this wise man: “Patience is bitter, but its fruit is sweet.”

Have yourselves a wonderful weekend.

Geoff Pyne  
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