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.