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07 June 2013 | Free Daily Analysis | EURUSD : NEWS FORCES BREAK

G’day Surfers – ah, the weekend, I can smell it coming.

Yesterday’s Report

EUR/USD again read our script Daily Brief but the “delivery” was marred by poor timing. Price Action did exactly as we asked, by pulling back to Support before rallying. Only problem was, it waited until the Red News announcement before executing. As a consequence, the two orders we placed failed to trigger. When I look back on the week and recognise that EUR/USD had two movements of substance (both news induced) I’m pretty happy that our strategy kept us safe through the very choppy conditions and delivered us another profitable week.

Technical Analysis

It’s “that time of the Month” – NFP Day. We’ll find something else to do.

The Day Ahead

Long lunch with a dear old friend today so looking forward to a great day. I sincerely hope you find time over the weekend to catch up with friends and family. They are great tonic for the soul: Wealth can melt, Fame can turn into shame, Power isn’t forever, Love is unfair, But Friends who remember each other last forever.

Have a great weekend.

Geoff Pyne  

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