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07 October 2013 | Free Daily Analysis | EURUSD : BULLS RESTED/READY TO GO

Happy New Week Surfers.

Yesterday’s Report


It was a little like Freefall Friday as EUR/USD pulled back off the Week’s High of 1.3645, achieved not 24 hrs prior. The day wiped 50% off the gains built slowly during the earlier part of the week.

Technical Analysis


Pivots/Trend remain Bullish and despite the uncertainty of Fundamental storm clouds, EUR/USD continues to make higher Hi’s & Lo’s on Daily & H4. No reversal patterns are evident so it’s tough to think there’s change about. Daily Pivot is all but tested & is in close proximity to Weekly, suggesting Price Action (PA) won’t be too far away. The market has again gapped over the weekend and we now have two unclosed gaps below PA, providing the ONLY visible attraction South.

The Day Ahead


Clear Hotspots await PA and when it arrives, I’m hopeful a secret Surfing The Pips Candle Pattern will accompany it, preferably a Long one.

High Impact News


Nothing scheduled

May your Monday be Magic.

Geoff Pyne  

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