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20 th July 2015 | Free Forex Analysis | EURUSD is decreasing?

 

EURUSDM30(11)
EURUSDH4(8)
Dear surfer friends, let’s take a look at the market.
How did it go yesterday?

Last week  the price fell below 1.0900 and gave us an interesting technical configuration.

Technical Analisis
The price is licking 1.0830 area but his level of compression seems to be increasing. It is an interesting aspect for us especially in the outbreaks of volatility. The DP has not  been yet tested and around that area there is a beautiful trendline resistance, rather technical. The triad DWM, with the beginning of the week, remains in its bearish configuration.

 

Plan of the day
The idea would be to  get the DP and go down. However, any meeting with the trendline resistance could cause it to break.

 

Relevant Economic News
nothing important to revel

 

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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