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14 April 2014 | Free Forex Analysis | EURUSD : RESISTANCE AT 1.3900

DB 1404 H4
DB 1404 M30

Happy New Week Surfers.

Yesterday’s Report

 

A low range Doji day to end the week as EUR/USD found it’s way to 1.3900 but couldn’t maintain the Bullish momentum, closing 20 pips below that psychological level.

Technical Analysis

 

The weekend has produced a gap in the market and we begin the week with PA below an untested DP and an open gap. The gap creates uncertainty but the untested DP and a Bullish Pivot formation has my bias Long. Hot Spots are a little scarce so we might have to be a little patient.

The Day Ahead

 

Not a fan of open gaps but at least my bias is in that direction. The DP test will be my favoured play.

High Impact News – CET
2:30pm USD Core Retail Sales m/m
USD Retail Sales m/m

Magic Monday everyone.

Geoff Pyne  

CERTIFIED TRADER

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