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10 May 2013 | Free Daily Analysis | EURUSD : BEEN HERE BEFORE!!

G’day Surfers – here we go again.

Yesterday’s Report

I have no idea why I’d be surprised but EUR/USD failed to sustain my personally imposed exile from the now extremely monotonous 1.3115/1.3030 Daily Critical Zone (DCZ) Range. Perhaps through wishful thinking, yesterday appealed as an ideal opportunity for the recommencement of the cross Trending to the North….not to be. We saw two opportunities to “catch the ride out of town” and placed Long orders. The first timed out prior to triggering and the second resembled “Price Action Repellent” & appeared to instigate the 135 pip crash that followed. No entries on a very quiet trading week.

Technical Analysis

Pardon my cynicism but Price Action remaining inside 1.3030 and 1.3115 seems “POPULAR”.

The Day Ahead

Big family dinner tomorrow (meeting the Son’s first girlfriend) and I’m the cook. It’s all about food preparation today!!

Great restaurants are, of course, nothing but mouth-brothels. There is no point in going to them if one intends to keep one’s belt buckled. ~Frederic Raphael

As for butter versus margarine, I trust cows more than chemists.  ~Joan Gussow

A golfer’s diet:  live on greens as much as possible.  ~Author Unknown

 

Have a great weekend.

 

Geoff Pyne  
CERTIFIED TRADER

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