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15 May 2014 | Free Forex Analysis | EURUSD : ANOTHER DAY OF REST

DB 1505 M30

G’day Surfers – what was I thinking?

Yesterday’s Report

DOOL may not mean much to some traders but for countless millions, it’s the acronym for a TV Soapie that begins with the famous saying “Like sands through the hourglass – so are the Days Of Our Lives”. I feel like the sand is stuck in my EUR/USD hourglass, having endured another dribble of pips – this time 33 of them. We placed a couple of orders but what was i thinking, expecting the market to muster the energy necessary to trigger us?

Technical Analysis

 

There’s a choice here: I could cut & paste yesterday’s text or I could pretend that something has changed and make a case for an imminent breakout. Truth is – nothing HAS changed and until 1.3700 is above PA, I remain Bullish.

The Day Ahead

Patiently waiting for a setup and sand to flow freely!

High Impact News – CET

2:30pm
USD Core CPI m/m
USD Unemployment Claims
4:00pm USD Philly Fed Manufacturing Index

Thrilling Thursday all.

Geoff Pyne  

CERTIFIED TRADER

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