5 + one =

Forgot your password ?

11 February 2014 | Free Daily Analysis | EURUSD : FREE TRADING EURO RALLY

DB 1102 M30
DB 1102 Daily

G’day Surfers – UP, UP & …….

Yesterday’s Report

No surprises that a ‘post NFP’ Monday produced a range of only 37pips and less surprise, that no intraday setups presented. Pretty cool however, that our Swing & Relax strategy, spotted the day’s ONLY opportunity. To be fair, the entry came during Asia session earlier today and we are currently enjoying a free trade, in a market that looks keen to go higher.

Technical Analysis


After the past two weeks, I’m a little hesitant to use the ‘F’ word! But fear is a traders Achilles heel so here we go……..PA has all but tested the top of a Bullish continuation Flag #1 on Daily Chart. A break of this area should coincide with a test/break of the top of our DCZ – 1.3700. This is very much the crucial level of the day. The Bullish momentum launched on Thursday, has left a lonely DP in its wake and it now patiently awaits attention. It would be a great place for PA to launch an assault on 1.3700!! As a point of interest, EUR/USD put 5 positive days together only twice in 2013 – today (should it be positive) will be the fifth day of consecutive gains !!

The Day Ahead


The DP test looks like Plan A again today – only twice in 1 yr for 5 in a row eh??

High Impact News

4:00pm USD Fed Chair Yellen Testifies
USD JOLTS Job Openings

Terrific Tuesday………...only TWICE, right?

Geoff Pyne  
Did you enjoy this article?
Share the Love
Get Free Updates


No comments yet.

Leave a Reply

6 + = nine