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14 June 2013 | Free Daily Analysis | EURUSD : SAME AGAIN

G’day Surfers – deja vu week.
Yesterday’s Report

There was a subtle difference in the way EUR/USD traded yesterday, but not much. The day’s high was achieved pre London Open but thereafetr, it was pretty much the same as most of the week: Open above an untested Daily Pivot – Test Daily Pivot – Rally. That’s a great rhythm but not always tradeable. Such was the case yesterday when Price Action offered us very little by way of entry opportunities. We found only one, which coincided with the only news events of the day. We placed the order post the announcements in the hope of catching the seemingly inevitable rally. The news held PA below our entry for too long and our order timed out. Only two entries for the week then but 100% to target will simply have to do!

Technical Analysis

It’s friday of course and I’m sure the picture is pretty clear by now – four in a row??

The Day Ahead

It’s Garage Sale day at my place tomorrow – that means it’s preparation day today……….mmmmm, surely there’s something better to do!!

” You may think the grass is greener on the other side, but if you take the time to water your own grass, it would be just as green”

Have a great weekend everyone and don’t forget to water the grass!!

Geoff Pyne  
CERTIFIED TRADER

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