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14 July 2014 | Free Forex Analysis | EURUSD : DOJI DAY/DOJI WEEK

DB 1407 H4
DB 1407 M30

Happy New Week Surfers

Yesterday’s Report

 

A perfect Doji closed the nearly doji week on Friday, as the compressed market continued its poor liquidity. A 33 pip Daily Range did nothing to enhance a 75 pip Weekly Range which all adds up to to a sleepy market.

Technical Analysis

 

The 1.3600 level continues to be the centre of attention, keeping the Pivots extremely compact. Only 19 pips separates the trio, with no sign of direction as Daily tucks itself between the two longer termers. Above 1.3600, I’m favouring Longs but should PA venture below the psychological level, my bias turns Short.

It being Monday, I’m thinking PA won’t venture too far from the Pivot family however and with DP untested above – a small move South, will hopefully provide an opportunity to trade back to DP Long.

The Day Ahead

 

Happy to trade either direction but as usual, preferring the DP Test should it present.

High Impact News – CET

7:00pm EUR ECB President Draghi Speaks

Have a great day and week.

Geoff Pyne  

CERTIFIED TRADER

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