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22 October 2013 | Free Daily Analysis | EURUSD : FRIDAY KIND OF TUESDAY


G’day Surfers – Big news today.

Yesterday’s Report

 

A 38 pip doji day is really all that needs to be said about EUR/USD yesterday. We gave the market a chance to come alive, looking to play cheeky Shorts to Daily Pivot (DP). Neither was triggered and both expired. It was a Monday Market and I’ll leave it at that.

Technical Analysis

 

The ONLY difference I see to yesterday, is that DP has been tested or more accurately – DP has tested the market! Pivots are Bullish in agreement with the Trend but still no pullback from Thursday’s explosion North. It being the day the powers that be have chosen to release the much awaited NFP (2.5 weeks overdue) figures, it’s not unreasonable to think Technicals are on hold, till after that News. For this reason, I have NO BIAS and will probably be on hold as well.

The Day Ahead

 

That said – should a decent setup present at a Hotspot, the semi-automatic sequence will begin BUT any entry will be at small stake.

High Impact News – CET.

 

2.30pm

USD Non-Farm Employment Change
USD Unemployment Rate

Terrific Tuesday all.

Geoff Pyne  
CERTIFIED TRADER
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