Dear Surfers, welcome to our daily analysis.

How did it go yesterday?

Yesterday, the price enjoyed taking a nice run-up of almost 150 pip that brought it close to the 1.1300 resistance. No operation for us yesterday.

Technical Analysis

After the strong rise yesterday, the price is stabilizing its movements. This situation could be the prelude to a further attack to the 1.1300 area. The DP is already tested while the triad DWM remains  hesitant  which doesn’t help us with the analysis. However, we have a resistance and a support that are waiting for the price.

Plan of the day

Our bias tends to be bullish even if we don’t disdain a downtrend to the support trendline. Let’s see what’s going to happen later.

Relevant news of the day

2:30pm    USD    Core Retail Sales m/m

USD    Retail Sales m/m

Surfingthepips staff wishes you a good day!