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25th May 2015 | Free Forex Analysis | EURUSD banks are closed

monday judd 2222

monday judd 1

Dear Surfers, welcome to this new week of trading. Let’s a look at the market.

How did it go yesterday?

Friday was an important day in which the price has decided to break down the important support level 1.1000. The descent was important enough and reported the price below 1.1000 which is also currently quite.

Technical analysis

The price has moving very little and it didn’t allowing us to identify an interesting trendline resistance. Why is it interesting? Because of  the direction of the DP which is still untested. It is quite difficult to have precise references regarding any support tredline. The triad DWM, on the other hand, prefers to abstain on what could be the most likely direction.

Plan of  the day

The hypothetical plan of the day was trying to reach the DP,  however, up to now it seems a very interesting day, isn’t it? Unfortunately,  we will remain just watching because of the fact that American banks are closed as well as the major European banks. Since it is expected little liquidity / volatility, it is better not to risk for security purposes. We will continue with our operations  tomorrow.

Relevant economic news:

All Day EUR  French Bank Holiday

All Day EUR  German Bank Holiday

All Day USD Bank Holiday

The Surfing the Pips staff wishes you a happy Monday.

Daniele Angellotti Certified Trader | SurfingThePips.com
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