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25th August 2015 | Free Forex Analysis | EURUSD, is it slowing down?

 

 

 

 

 

 

EURUSD30

 

EURUSDH4(1)

Dear friends;

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.

Technical analysis

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

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