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25 October 2013 | Free Daily Analysis | EURUSD : RESISTANCE HOLDING, BARELY

G’day Surfers – it Tough at the Top.

Yesterday’s Report

The end of a very unusual trading week (with NFP on Tuesday) saw EUR/USD untradeable. Virtually every alternate M30 candle was a different colour with 17 of 28 between UK Open to end of day, being Doji’s. Price Action tried hard but failed to close above our 1.3815 Daily Critical Zone. Despite my Bullish bias, I spotted an opportunity to

play a very dangerous Short, so placed a VERY small order, which failed to trigger.

Technical Analysis

No change - and it’s the weekend!

The Day Ahead

Cleaning ash & smoke smells from just about everything after the Bushfires that have now subsided in my area. Must heap praise on the incredible firefighters (many of whom are volunteers) for keeping lives and most properties safe under EXTREME conditions – you are all Champs! I can’t help but wonder if this unseasonal disaster is indicative of what’s to come?

“The great ecosystems are like complex tapestries – a million complicated threads, interwoven, make up the whole picture. Nature can cope with small rents in the fabric; it can even, after a time, cope with major disasters like floods, fires, and earthquakes. What nature cannot cope with is the steady undermining of its fabric by the activities of man.”
~ Gerald Durrell

“All across the world, …increasingly dangerous weather patterns and devastating storms are abruptly putting an end to the long-running debate over whether or not climate change is real. Not only is it real, it’s here, and its effects are giving rise to a frighteningly new global phenomenon: the man-made natural disaster. ”
Barack Obama

Have a wonderful, safe weekend everyone.

Geoff Pyne  
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