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16th June 2015 | Free Forex Analysis | EURUSD still up the 1,1250 level

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Dear Surfers, welcome to our daily analysis, lets take a look at the market.

How did it go yesterday?

EURUSD runs between 1.1200 and 1.1300 without making a final decision. Well, the more we prolong this uncertainty the more volatility we can get. Yesterday, our Intraday signal took home the TP1 then closed through the Free Trade Technique, shortly before the price continued its path toward the direction that we have pointed out.

Technical analysis

As mentioned, not even today EURUSD is moving between the levels from recent days. Currently, it is testing a support trendline that insists on the 1.1250 level. The DP is tested and the trial DWM configuration is bullish.

Plan of the day

We have a slight preference for LONG  positions, particularly due to the DWM. But the presence of an interesting support trendline does not make us give up from any SHORT positions opportunities .

Relevant economic news:

2:30pm USD Building Permits

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

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