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16th July 2015 | Free Forex Analysis | EURUSD-sotto 1,0900

EURUSDH4(7)

EURUSDM30(7)
Dear surfer friends, let’s take a look at the market.
How did it go yesterday?

Yesterday, the price  remained stable in the first part of the session until the market decided to break  the level 1.1000. Two signals for us; one  is not joined (and it is, therefore, cancelled), and the other one is closed in a Free Trade Technique.

 

Technical Analisis
The support break at 1.1000 pushed the price down even further to fall below 1.09000. The configuration of the triad DWM is still bearish while the DP has not been  yet tested to point out a resistance trendline.

 

Plan of the day
Considering the technical scenario, the price could decide to approach the trendline and test the DP and ,possibly, keep descending. Watch out for the important news this afternoon, especially considering Eurogroup is coming.

 

Relevant Economic News

All Day    EUR        Eurogroup Meetings

1:45pm    EUR        Minimum Bid Rate

2:30pm    EUR        ECB Press Conference

USD        Unemployment Claims

4:00pm    USD        Fed Chair Yellen Testifies

USD        Philly Fed Manufacturing Index

 

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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