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  .

Technical Analysis

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!