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21 March 2014 | Free Daily Analysis | EURUSD : DP IGNORED AS EURO DIVES

G’day Surfers – 1.3815 fails to hold.

Yesterday’s Report

 

The Flag retracement post FOMC was too strong a chart pattern, even for an untested DP yesterday as EUR/USD sellers were queueing to force PA to 1.3750, where it staged a slight recovery back to 1.3777. We attempted to play a DP Test, looking for 1.3815 to hold but Southerly momentum ignored us completely and no entry was forthcoming.

Technical Analysis

 

Looks like 1.4000 may have to wait!

The Day Ahead

A little work followed by some relaxation. Turning the charts off after a very quiet trading week that produced 3 entries for 3 BE Trades. Our funds are safe to work & grow next week.

Know safety, no injury.  No safety, know injury.
Tomorrow – your reward for working safely today.

Have a great weekend.

Geoff Pyne  

CERTIFIED TRADER

 
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