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09 April 2014 | Free Forex Analysis | EURUSD : HARD EARNED PROFITS

DB 0904 H4
DB 0904 M30

G’day Surfers – pheeww, we got there!

Yesterday’s Report

 

The hourly rate of pay was a little conservative but our Long order from Monday finally hit target yesterday as EUR/USD powered Bullishly to the top of the DCZ range and the Flag we spotted yesterday. Some small candles prevented further early entries and by the time they ‘grew’ PA had left the building.

Technical Analysis

 

DP responded by ‘retracting’ the Bearish statement the pivots were making yesterday. That formation is now mixed with a recently tested DP wedged between WP & MP. No higher high on Daily chart yet so the Bears still have a ‘sniff’ but I’m a Bulls fan again today. Sadly, I believe we’ll get very little movement until this evening’s FOMC Statement.

The Day Ahead

Expecting a day of consolidation but happy to join in, should the action recommence.

High Impact News
8:00pm USD FOMC Meeting Minutes

Wonderful Wednesday all

Geoff Pyne  

CERTIFIED TRADER

 
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