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14th July 2015 | Free Forex Analysis | EURUSD

EURUSDH4(5)
 EURUSDM30(5)
Dear surfer friends,
let’s take a look at the market.
How did it go yesterday?

Yesterday the price went down to retest the support  at 1.1000 area. No signal for us because of the Eurogroup meeting.

 

Technical Analisis

Today the price broke the support 1.1000 down to almost 1.0960. The market’s reaction was immediate bringing the price above 1.1000 where was still located. The DP has not yet tested and it could represent a kind of magnet. The triad is, however, in bearish configuration.

 

Plan of the day
With a flash the price could reach the DP and falling back after going to test again 1.1000. There is a trendline support that might be interesting. Watch out for news of 14:30.
Relevant Economic News
All Day    EUR        French Bank Holiday2:30pm    USD        Core Retail Sales m/mUSD        Retail Sales m/m

 

Surfing the pips wishes you all a good day!

 

 

 

 

 

 

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

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