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05 May 2014 | Free Forex Analysis | EURUSD : MOVEMENT BUT NO BREAK

Happy New Week Surfers.

Yesterday’s Report

EUR/USD moved 115 pips in 2.5 hrs on Friday: 55 down and 60 up, to produce a doji NFP day.
The very tight range looked under threat as Sellers stepped in, reacting to a positive NFP number but DCZ 1.3815 was as far as the Buyers would let them go.
Technical Analysis
Back at the top of the range where we have spent so much time recently. Still no directional clues apart from the pivots which are still pointing North.
The Day Ahead
London Bank Holiday means no trading for us so it’s an extended weekend¬† – back with keen anticipation of the breakout tomorrow.
Have a great Monday.
Geoff Pyne  

CERTIFIED TRADER

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