A good afternoon to you all, without further ado let’s take a look at the current scenario regarding EURUSD.
How things went yesterday
Prices had fun yesterday, fluctuating between 1.0900 and 1.1000 without offering any real opportunities of interest. Prices are starting to swing lower and, therefore, starting to come under a certain amount of pressure. Should this release, it could potentially lead to a movement that’s worth taking advantage of.
Prices are in an interesting range, just below a resistance level and being propped up by a level of support.
Though the DP has already been tested, the DWM triad isn’t offering any further indication of where prices are going.
The proximity of potentially significant trend lines could prove to be key in terms of today’s trading.
Plan for the day
Today’s main objective is to keep track of prices as they rise (or fall), leaving you well positioned to evaluate any potential trading opportunities should prices move towards a hot zone.
Relevant economic news
1.30pm USD Core Durable Goods Orders m/m
Until our next appointment, same time tomorrow. Speak soon, dear friends.
Licensed trader | SurfingThePips.com