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23 January 2014 | Free Daily Analysis | EURUSD : STILL IN THE PROFIT ZONE

DB 2301 M30
DB 2301 H4

G’day Surfers – What a System!!

Yesterday’s Report

 

It must be getting boring to read but it continues to pay the bills…….picking off pips from tiny movements. Yesterday’s entry was a little tougher to spot but once again found the acceleration point and this time, we took 33 pips from the day’s meagre and indecisive range of 49 pips.

Technical Analysis

 

EUR/USD remains bound by a strengthening Bearish continuation Flag #1 whose Low, sits on a Fibo Support Level #2. These conflicting signals are contributing to the tight range in which the cross is trading. Pivots remain Bearish, as does my sentiment. A massive News day should ensure that this consolidation ends today but it might be tricky timing an entry. Like all good scouts – BE PREPARED .…….Hot Spots ready!

The Day Ahead

 

Dodging news, I hope to find a Short but the fundamentals may well shape the day’s direction and I won’t be keen to give the brokers anything back.

High Impact News -CET

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

 

2:30pm

USD Unemployment Claims
4:00pm USD Existing Home Sales

Have a great Thursday.

Geoff Pyne  
CERTIFIED TRADER
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