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02 April 2014 | Free Forex Analysis | EURUSD : UNDER FIFTY STILL NOT NIFTY

DB 0204 Daily
DB 0204 M30

G’day Surfers – NFP Week….say no more.

Yesterday’s Report

 

Still sporting a liberal dose of PA repellent, we attempted twice yesterday. to play the DP Test Short. EUR/USD’s 47 pip range (apart from being very small) however was in the main Bullish so no DP test and no entries.

Technical Analysis

 

As PA approaches 1.3815 yet again, the DCZ (as if be decree) becomes the central focus of attention. As all the weeks big news events start queuing for release, so too my expectation of small volume and tight trading ranges increases. DP, already tested today has jumped between WP and MP, confirming my view of a mixed market. No bias again today but inside the 1.3815/1.3700 DCZ’s is my favourite ‘playground’ until News takes over.

The Day Ahead

 

Cautious but looking to trade inside the range, rather than outside. Shorts favoured for that reason.

High Impact News

2:15pm USD ADP Non-Farm Employment Change

Wonderful Wednesday everyone.

 

 

Geoff Pyne  

CERTIFIED TRADER

 
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