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25 August 2014 | Free Forex Analysis | EURUSD : DIVE, DIVE, DIVE

Happy New Week Surfers

Yesterday’s Report

A week away for me last week but great to see the STP Pip plunder continued with a beautiful S&R trade that netted 115 pips. EUR/USD continued to sell throughout the week and Friday saw a further 38 pips wiped out. EUR/USD rallied slightly late in the day, to close at 1.3242.

Technical Analysis

The market gapped further Short over the weekend, heading toward our next DCZ at 1.3140. Momentum and Trend remain extremely Bearish and long time favourite level 1.3000 looks a distinct target for the Bears by week’s end. I can’t say there’s pressing need for pullback either.

The Day Ahead

I won’t be trading as London takes a Bank Holiday but we’re back into the thick of it tomorrow.

May your Monday be Magic and your Week, Wonderful.

Geoff Pyne  

CERTIFIED TRADER

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