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16 June 2014 | Free Forex Analysis | EURUSD : LOW OF THE YEAR BECKONS

DB 1606 Daily
DB 1606 M30

Happy New Week Surfers.

Yesterday’s Report

 

From the charts, Friday appears another lacklustre day in the market, EUR/USD ranging 58 pips and displaying indecision. Consolidation therefore, brought an end to a Bearish week for the cross, in response to the whipsaw action of the previous, NFP week.

Technical Analysis

 

As a result, no change to the Bearish ‘flavour’ and the strong likelihood¬† of 1.3500 and the Low of 2014 (1.3476), being shortly re-tested. Pivots agree and are in perfect Bearish formation with DP having been tested already. Tough to be Bullish right now.

The Day Ahead

 

I’m certainly favouring Shorts and am ready to roll. It being a ‘no news’ Monday, I’m hoping the market is as well.

High Impact News

 

Zip

Magic Monday everyone.

Geoff Pyne  

CERTIFIED TRADER

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