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12th May 2015 | Free Forex Analysis | EURUSD expected rebound

 

 

EURUSDH4

EURUSDM30
Dear Surfers, here is our daily analysis of the market

How did it go yesterday?

Yesterday, the price has bounced around the  1.1100 support area which, during the weekly analysis, we highlighted as a  springboard. We haven’t trade because of the Eurogroup meeting.
Technical analysis

The price hike has led to two situations:  first, the provision of the triad DWM does not provide more useful information, and secondly, the resistance 1.1250 has been acheived which is also quite important. The DP has already been tested.
Plan of the day

We are close to a hot spot and the prices could be lengthened again. However, we must pay attention to the sharp rise since it may requests  a  retracement.

Relevant economic news.
Nothing interesting today.
The surfingthepips’s staff  wishes you all a happy tuesday.

Daniele Angellotti

Certified Trader | SurfingThePips.com

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