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15 July 2014 | Free Forex Analysis | EURUSD : PROMISING FALSE START

DB 1507 H4
DB 1507 M30

G’day Surfers – same old, same old.

Yesterday’s Report

 

When PA pounced straight into action at London open yesterday, I thought – here we go. A mere 60 minutes later, it was back to normal as the market died, taking any hope of trading with it. Another sub 50 day as EUR/USD ranged only 43 pips and all in a 90 min timeframe.

Technical Analysis

Like so many days in the recent past, this Tuesday begins with PA  hovering around 1.3600, with Pivots mixed and without clear (any really) direction. DP has been tested and retested so no assistance is being offered at all. As the latest Pennant #1 reaches its pointy end we of course look forward to a breakout. Any direction will do but an invitation to join in, would be appreciated.

 

The Day Ahead

 

No change really – waiting for the market to reveal its next move and preparing to catch it at a Hotspot. Absolutely no bias at all.

 

High Impact News – CET
11:00am EUR German ZEW Economic Sentiment
2:30pm USD Core Retail Sales m/m
USD Retail Sales m/m
4:00pm USD Fed Chair Yellen Testifies
Terrific Tuesday everyone.
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