Dear surfer friends, let’s take a look at the market.
How did it go yesterday?
Yesterday, the market fluctuated around the resistance of 1.0950 before falling and going down to the 1.0850 level aprox. In this movement we were able to get a decent profit.
Today the price broke violently the resistance at the 1.0950 level and went close to 1.1000 level. There is a certain imbalance of the price upward. Furthermore, the 1.1000 represents a confluence of resistors. Taking also into account that the triad is in bearish configuration (with DP tested), the price could suffer a setback.
Plan of the day
The key of the day will be paying attention to the price’s movement around the 1.1000 area. We will monitor this area.
Relevant Economic News
2:30pm USD Unemployment Claims
Surfing the pips wishes you all a good day!
Surfingthepips staff wishes you all a good day.
Daniele Angellotti Certified Trader | SurfingThePips.com