G’day Surfers – How did we miss?
Sometimes the Crystal Ball can be in sharp focus and the market simply won’t yield a pip. For me, yesterday was such a day as Price Action (PA) followed my template as though tracing it http://clip2net.com/s/50oXQo . Yet apart from an imperfect setup prior to London Session (our trading hours) EUR/USD refused to offer us safe entry. It happens – there’ll be more moves today.
Situation is a little tricky with Daily Pivot untested above Price Action (PA), Mixed Pivots and therefore no clear trend and a substantial gap, between Daily & Weekly Pivot. A continuation Flag exists on smaller time frames but it has a longish consolidation “tail”. PA appears NOT to have been comfortable above our long term Resistance Trendline #1 which has done it’s job again, so far. It’s a mixed scenario then but I feel the Bulls may have a little more energy left.
The Day Ahead
High Impact News – CET
|9:15am||EUR||Spanish Manufacturing PMI|
|1:45pm||EUR||Minimum Bid Rate|
|2:30pm||EUR||ECB Press Conference|
Enjoy the fireworks later on