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16 August 2013 | Free Daily Analysis | EURUSD : EXPLOSION ON LONG FUSE

G’day Surfers – well, we got the bang but it came too late!!

Yesterday’s Report

Expecting major movement from the 1.3285 DCZ confluence with multiple trendlines, I faced yesterday with keen anticipation. You see, in Australia, it isn’t holiday time! UK morning session was nothing more than a continuation of yesterday’s consolidation…in Europe it IS holiday time! It took News to move the market and it spiked EUR/USD South some 95 pips prior to turning at DS-2. We entered twice earlier, attempting to catch the breakout Long and were rewarded with TP1 on both occasions. TP2 has been very difficult to achieve in a market that has ranged since Monday.  The BIG bang came as I slept! Nil desperandum – that we had a very positive week is sound testament to our strategy.

Technical Analysis

Still more questions than answers as a result of the week’s trading – fast forward to next please.

The Day Ahead

House finished – green fairways beckon! Which reminds me of many magic memories. Time to make some more…….

“Don’t cry because it’s over, Smile because it happened.”

Author: Dr. Seuss

Have a great time making memories this weekend.

Geoff Pyne  

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