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19 April 2013 | Free Daily Analysis | EURUSD : EURO RESTS AFTER BIG MOVES

G’day Surfers, no market – no surprise.

Yesterday’s Report

After the BIG BUY on Tuesday, immediately followed by the BIGGER SELL on Wednesday, EUR/USD went straight into consolidation mode yesterday and refused to yield pips to either buyers or sellers. Under no illusions, we nonetheless spotted 3 opportunities to catch a second wave of selling. Attempt one timed out, attempt 2 produced a break even trade and attempt 3 was the victim of a bad set of numbers from the States which ironically, produced the days only movement. A quiet & mixed week for us then with our equity management ensuring no damage was done.

Technical Analysis

If I were trading, I’d pay some attention to the Bearish Continuation Flag that has formed.

The Day Ahead

Total relaxation – apart from the dishes, floors, lawn, painting, gardening, rubbish to the tip……………………………………………………………………………

If you’re a little down on spirits after a trade that went the wrong way, remember this:

Your success and happiness lies in you. Resolve to keep happy, and your joy and you shall form an invincible host against difficulties.

Helen Keller

Have a great weekend everyone.

Geoff Pyne  
CERTIFIED TRADER

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