+ nine = 14



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23 April 2014 | Free Forex Analysis | EURUSD : LESS THAN 10 PIPS A DAY!

DB 2304 H4
DB 2304 M30

G’day Surfers – non trade market continues.

Yesterday’s Report

 

Thirty nine pips was as far as EUR/USD was prepared to move yesterday and that simply, is not enough to trade. Traders appeared thin on the ground and perhaps were enjoying an extra long Easter break. No orders – no trades.

Technical Analysis

 

As I write this, a fire seems to have been lit under PA as it takes out the previous three day’s highs, perhaps intent on closing the still open gap from last week. Pivots are again quite compact and mixed however, congregating around DCZ 1.3815 which remains the centre of nonactivity. Still no bias as we enter our eighth trading day inside a 79 pip range. The spattering of news this morning may change that – the early signs are there.

The Day Ahead

No change – still looking for a breakout at a Hotspot.

High Impact News – CET

9:00am EUR French Flash Manufacturing PMI
9:30am EUR German Flash Manufacturing PMI

 

4:00pm USD New Home Sales

Wonderful Wednesday everyone.

Geoff Pyne  

CERTIFIED TRADER

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