Dear Surfer Friends,
Welcome to our daily analysis, let’s take a look at the market.
How did it go yesterday
Today is marked by different types movement.There was a price compression which ended into a breakout of the trendline resistance (as you can see in the picture). The intraday signal sent, immediately reach the TP1 and it almost hit the TP2. However, by the end we closed the trade through the Free Trade technique .
The price is smoothly testing the resistance trendline which, if violated, could lead to an increase of the price. There is, as well, a good support trendline which is slightly distant. The situation of the triad DWM shows a certain neutrality and the DP has already been tested.
Plan of the day
Let’s see what the prices will do at the trendline and let’s follow it closer. Our tendency is slightly bullish. Watch out the news this afternoon because we may find turbulences.
Relevant economic news:
1:30pm EUR ECB Monetary Policy Meeting Accounts
2:30pm USD Unemployment Claims
4:00pm USD Existing Home Sales
USD Philly Fed Manufacturing Index
SurfingThePips staff wishes you a great day!