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14 May 2014 | Free Forex Analysis | EURUSD : NO NEWS IS GOOD NEWS

DB 1405 daily
DB 1405 M30

G’day Surfers – profits only for the brave – AGAIN.

Yesterday’s Report

One of the wonderful attributes of the STP strategy, is its ability to locate acceleration points. Yesterday’s located, we placed a Short order which triggered and went to target perfectly. Only issue – the entry came in concert with News so only those who stretch our rules, banked the profits. For those who didn’t – your trading account will thank you for being circumspect, down the track.

Technical Analysis

 

1.3700 has curtailed the Bears frolic – at least for now. Certainly they have momentum on their side. Consistent with yesterday however, Daily Chart still says ‘Long”. Further falls today will change that however, as the most recent significant low (1.3672) surrenders. Until that occurs – I’m Bullish.

The Day Ahead

 

Keen to get Long early in the hope afternoon News can give us a free ride back towards 1.4000.

High impact News

2:30pm USD PPI m/m
4:30pm EUR German Buba President Weidmann Speaks

 Have a Wonderful Wednesday

Geoff Pyne  

CERTIFIED TRADER

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