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11th June 2015 | Free Forex Analysis | EURUSD still between 1.1200 and 1.1300

 

 EURUSDH4(5)

 

 

EURUSDM30(7)

 

 

 

 

Dear Surfer friends, welcome to our daily financial analysis.

How did it go yesterday?

The EURUSD is still  between 1.1200 and 1.1300 producing some false break here and there. The persistence of this condition gives us hope for an increase in volatility which could exploit properly.

Technical analysis

Today the price continues to be compressed between the trendline support and resistance. The DP has already been tested and the triad remains bullish in its configuration without having any  significant effects. However, as a support, there is a nice confluence between the  trendline and a critical area.

Plan of the day

We might be able to exploit one of the two trendline we have drawn, however,  it is best to exploit the resistance one due to the  configuration of the triad. But support trendline is really close.

Significant economic news

2:30 pm USD Core Retail Sales m / m

USD Retail Sales m / m

USD Unemployment Claims


SurfingThePips staff wishes you all a fruitful day.

 

 

Daniele Angellotti Certified Trader | SurfingThePips.com

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