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12 OCT 2012 | Free Daily Analysis | EURUSD : TECHNICALLY TERRIFIC

G’day Surfers,  lack of fundamentals – we love it!

Yesterday’s Report

Really enjoying the relatively quiet week on the News front, we took advantage of another technically correct day yesterday, to bag some more pips. Another classic StP Secret Candle Pattern at Resistance ensured brilliant acceleration through our Long entry & first take profit, giving us +8 and within minutes, to DR-1 (our second take profit) where we closed our third trade for the week, for a perfect record and 80 pips in the bank. In choppy conditions, we’ll settle for that.

Technical Analysis

After a poor start to the the week on the back of the hmm hmm …… good US unemployment number,  EURO has clawed its way back nicely and looks to have its sights set on last week’s high or better. I look forward to catching up with it’s progress next week.

The Day Ahead

Looking forward to a quiet Friday evening and peaceful weekend. Trust yours is a peaceful weekend with a nice mix of fun & relaxation, remembering:
Tension is who you think you should be. Relaxation is who you are.
Chinese Proverb

Have a great one.

Davide Franceschini | Chief Trader and Founder at SurfingThePips.com

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