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.
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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