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15th July 2015 | Free Forex Analysis | EURUSD-for now the 1,1100 is rejected

 EURUSDM30(6)
 EURUSDH4(6)
Dear surfer friends, let’s take a look at the market.
How did it go yesterday?

Interesting scenario yesterday in which the price tried to break the strong resistance level of 1.1100: the attempt failed. EURUSD has only been able to test this area and then it has fallen just above 1.1000.

 

Technical Analisis

Although the configuration of the triad DWM is perish, there is no doubt that we will be seeing new attacks from the price to the resistance 1.1100. The DP has already been tested. The interesting question is that EURUSD is on the grip of the trendline support and resistance. We can expect a sudden acceleration in one direction or another.

 

Plan of the day

Our bearish bias tends to both to expect that the price tests the trendline support as well as to watch out  resistance where the price is currently residing. Today, however, between the meetings of the Eurogroup, the Yellen will intervene and the Greek question could alter the market. Be Prudent!!.

 

Relevant Economic News

All Day    EUR        Eurogroup Meetings

2:30pm    USD        PPI m/m

4:00pm    USD        Fed Chair Yellen Testifies

Tentative    EUR        Greek Gov Debt Crisis Votem

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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