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13 April 2015 | Free Forex Analysis | EURUSD near 1.0500

EURUSDH4
EURUSDM30

 

Dear Surfer Friends, welcome to this new trading week.

How things went yesterday

As usually, on Friday we didn’t have trading but we left behind prices going around the 1.0600 zone. We did not notice notable movements, but this week things may change.

Technical analysis

Prices are about 30 pip far from the interesting 1.0500 support zone and they are quickly going down. DP has not been tested yet and this may represent the prices slowdown’s reason.
On the other hand, the DWM triad follows a bear set up and it may push prices closet o the 1.0500 zone.

Plan for the day

We haven’t got too many supporting references because of the strong slowdowns in the last days. However, there are several aspects making us think of a tracking path towards the high, where we have a resistance trend line.

We will carefully make an evaluation, paying attention to all the details.

Relevant economic news

None

SurfingThePips wish you all a nice day.

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