Let’s take a look at the market
How did it go yesterday:
Yesterday the day was completely unbalanced mainly because of the trends in the Asian stock markets, EURUSD overcame the 1.1500 area, breaking a Daily trendline that was there for months. No signal for us.
Today the price seems to slow down. In fact, we can not rule out possible increases. The DP has been tested and the triad is in a bullish configuration.
Plan of the day
Although the price is still biased upward, the configuration of the triad suggests further rises only in the case of breaking the resistance trendline which was earlier pinpointed. It seems more probable a retracement to the Daily Trendline.
Significant economic news
4:00 PM USD CB Consumer Confidence
Surfingthepips staff wishes you all a good day.
Daniele Angellotti Certified Trader | SurfingThePips.com